salaried plus income from insurance commision

I am a salaried person and at the same time working as insurance agent. Which ITR form should i fill?. Since i have got Form 16 from the company where i work and Form 16A fro insuranc ecompany.

asked Jul 26 '11 at 20:27 by Ranjit 1●1●1●1

One Answer:

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If you have most of your income coming from salary and commission income is just a small part of year's income, you can fill ITR1 and show insurance agent commission as income from other sources.

But if income from insurance company is big part, you should file ITR-4 (income from business/profession).

answered Jul 26 '11 at 22:10 by Pankaj Batra 5.2k●3●20

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income-tax-return ×240
itr ×12
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Asked: Jul 26 '11 at 20:27

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Last updated: Jul 26 '11 at 22:10

salaried plus income from insurance commision

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