ONE OF THE RIDICULOUS ANSWER I GOT FROM THERE. A PERSON SHOULD FILE ONE RETURN OF A SINGLE TYPE. BUT YOU R SUGGESTING TWO ITR IN ONE YEAR.

HAHAHAHAHAHAHAHAHA

I am surprised that you are telling that tow ITR (1 & 4) Should be filed for Salary and Agents Commission. I think its not like that. Can anyone clarify this? Also please clarify those who having Employment income and agents commission of below Rs.50,000/- whether they can get any exemption on fresh commission and renewal commission.

Part B- TI of ITR 4 has provision for including salary income. Hence no need of filing two returns. Only ITR 4 will be enough.

please clarify any exemption for lic commision if yes how

Hi am Umesh, I am salaried person & I am doing additional business of LIC. Which form to be filled for Income tax return. So that returning of TDS?

I am a central govt. pensioner now doing insurance business with Tata-Aig. Company deducted TDS from my commission.  My total income income is below taxable limit.  Which return I have to file to get the refund of tax deducted by TATA-AIG

Independent LIC agent should file ITR 4S

I'm working in a private company drawing monthly salary.  Earlier and for the last one decade I'm woeking as an LIC Agent.  Kindly tell me how to show my commission income in incone tax returns as Income from other source. I was told that expenses for procuring new business and servicing for existing policyholders, certain percetage is allowed in in my commission earned. Kindly advise.

thank you very much for your info..

Hi, I have check lot of communication where going on for correct ITR form for LIC agent. I am also a LIC agent and working in a Pvt. Company. My salary is more than my commission. I am also not sure about the form to use for submission of tax. Please some guide on it. Last year i have used ITR-2 for the tax submission. I have received the amount of TDS deduct from LIC.

Is it OK to use ITR-2?

Please some one check and inform for the same.

Thanks in advance for the help.