Insurance Agent (LIC/Private) Ke Liye GST & Tax Summary
GST Applicable?
✅ Yes — 18% (commission income)
Insurance agent commission 18% GST if > ₹20L.
Income Tax
Commission income: ITR-3 or ITR-4 (presumptive). TDS by insurance company.
Mandatory Compliance
✅ GST (if > ₹20L)
✅ IRDAI agent license renewal
✅ Income Tax ITR
GST Guide for Insurance Agent (LIC/Private)
📋 GST Rate: 18% (commission income) | Threshold: ₹20L (services)
GST registration mandatory ho jaata hai jab Insurance Agent (LIC/Private) ka annual turnover ₹20 lakh cross kare. Insurance agent commission 18% GST if > ₹20L.
- Monthly GSTR-3B filing (20th of following month)
- GSTR-1 outward supply details (11th of month)
- Annual GSTR-9 (December 31)
Income Tax for Insurance Agent (LIC/Private)
Commission income: ITR-3 or ITR-4 (presumptive). TDS by insurance company.
CA Services for Insurance Agent (LIC/Private)
Other Professions Guide
👨⚕️ Doctors & Medical Professionals
🦷 Dentist
📊 Chartered Accountant (CA)
⚖️ Lawyer / Advocate
🏛️ Architect
⚙️ Engineering Consultant
📚 CA/CS/CMA Student Articleship
🛋️ Interior Designer
📷 Professional Photographer
💻 Freelance Software Developer
🎨 Graphic Designer
💹 Financial Advisor / CFP
📖 Private Tutor / Teacher
🧘 Yoga Instructor
🥗 Dietitian / Nutritionist
🏃 Physiotherapist
🎥 Event Videographer
📱 Content Creator / YouTuber
🏠 Real Estate Agent (Individual)
SB