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[Resolved] Kotak Mahindra Bank — Insurance commission complaint
I am reaching out this forum as I couldn't connect to KLI support.
KOTAK LIFE INSURANCE AGENT ID 60547120
commission statement for the period from 8th to 15th Aug shows as follows;
renewal policy no 0996094 and policy no 09960942 the total commission due is 5176
TDS deducted (258+26.84)
Net amount payable is Zero
The statement has no bank details or branch details
I have not received any credit and Generating a commission statement for Rs 5176 with TDS deducted without crediting the amount to the agent is not relevant. I can not take this amount of 5176 to be added to my taxable income and pay tax at higher rate which is not paid to me.
I request you to look in to this matter and take necessary action to credit this amount to my bank account OR
The commission statement may be corrected immediately before remitting the tax to the IT department and not to add an amount to my taxable income related my PAN NO
You may be aware that adding an UNPAID amount to a PAN number as taxable income and making the panholder to pay tax is not in order as per Incometax Departemnt . I am enclosing the commission statement
I hope an early action in this regard..
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Aug 23, 2022Complaint marked as Resolved
Immefiate action taken and they credited the amount to my account. Thank you all
Kotak Mahindra Bank customer support has been notified about the posted complaint.