Rate of deduction for expenses incurred from commission of small savings agents.

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....hem where no detailed accounts are maintained had been under consideration of the Board. In the cases of agents for sale of National Savings Certificates appointed under the general agency system and the agents of Post-office Time Deposits, the deduction is being allowed @ 40 per cent of the gross receipts from commission under Board's instructions issued from time to time. In the cases of the aut....

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....presented that looking into the increase in costs, the deduction out of the commission earned by the authorised agents for post-office time deposits should be increased from 40 percent to 50 percent and this increased benefit of 50 per cent deduction should also be extended to the authorised agents of the above Government securities. Similar requests have been received for enhancing the rate of de....