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Income tax on Life insurance agency commission


06-Sep-2025 (In Tax Law)
My income from agency commission from Life Insurance business for the assessment year 2026-27 is expected to cross Rs 5 crores. I would like to know following: 1 Which ITR form I should use 2 What will the total Income tax payable by me 3 Can I opt for presumptive scheme 4 Is agency commission treated as business Income and if the answer is yes, what will be my Income tax liability. 5 I dont have any other Income except interest on savings bank account.
Answers (1)

Answer #1
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Well, I can assist you with all tax advisory solutions. You can connect with us on call or by visiting our office personally. We will provide you value added services at affordable rates. To understand more details, kindly connect on call.
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