TaxTMI 
TaxTMI 
Insurance Commission
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....nsurance Commission<br> Query (Issue) Started By: - ajay singh Dated:- 16-12-2013 Last Reply Date:- 16-12-2013 Service Tax<br>Got 1 Reply<br>Service Tax<br>Does taxability limit of Rs. 10 Lakh availab....
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....le to service provider or not? e.g. an Insurance Agent provides services to Insurance Company and his Insurance Commission from Insurance Business or other business where he/she provides services in....
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.... below Rs. 10 Lakh (This income doesn't include any Interest, Salary or Pension income. Or which incomes are to be included under Service Tax limit of Rs. 10 Lakh). 1. Can Insurance company charge t....
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....he Service Tax and at what percentage? 2. At which Commission Intial / renewal or both. I have few instances to Insurance companies charging service tax on commission of their agents however the pe....
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....rcentage of charge varies from company to company Reply By PAWAN KUMAR: The Reply: As per my view, insurance company can charge service tax at the rate of 12.36 percent on the actual commission paid....
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.... to insurance agent under reverse charge mechanism.<br> Discussion Forum - Knowledge Sharing ....