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Title: Form No. 26D Annual Return Format for Deduction of Tax from Insurance Commission under Section 206

Are you an insurance company or agent struggling to file your annual return for tax deducted at source (TDS) on insurance commissions? Download our ready-to-use Form No. 26D format in PDF or Word for quick compliance with the Income Tax Act, 1961.

What is Form No. 26D? Form No. 26D is the prescribed annual return format under Section 206 of the Income Tax Act, 1961, specifically for reporting deductions of tax from insurance commissions. This Form 26D format is mandatory for insurers and persons responsible for paying insurance commissions who deduct TDS under Section 194D. It ensures accurate reporting to the Income Tax Department, helping avoid penalties for non-compliance.

In India, insurance businesses must file this return quarterly or annually as per rules, detailing all TDS transactions on commissions paid to agents. Our Form No. 26D sample simplifies the process with a structured, customizable template compliant with latest CBDT notifications.

Why is Form No. 26D Important? Filing Form 26D format is crucial for TDS compliance. Key reasons include:

Legal Obligation: Section 206 mandates submission by specified due dates (usually 31st July for the financial year).
Penalty Avoidance: Late or incorrect filing attracts interest under Section 234E and penalties up to Rs. 100 per day.
Claim Reconciliation: Enables deductees (agents) to claim TDS credit seamlessly via Form 26AS.
Audit Readiness: Maintains records for statutory audits and Income Tax scrutiny.

Using a professional legal template like ours saves time and reduces errors, ensuring your business stays penalty-free.

Key Elements of Form No. 26D Format Our Form 26D sample includes all essential sections as per Income Tax rules:

Deductor's Particulars: TAN, name, address, and contact details.
Financial Year and Quarter Details: Specifies the period of return.
Challan Details: Payment reference numbers, dates, amounts, and BSR codes.
Deductee-wise Breakup: Insurance agent PAN, name, commission amount, TDS deducted, and deposited.
Annexures: Summary of transactions, interest/TCS if applicable.
Verification: Signed declaration by authorized signatory.

This comprehensive ready to use Form No. 26D format is available in editable Word and printable PDF for India-specific requirements.

Who Should Use Form No. 26D?

Insurance Companies: Life, general, and health insurers paying commissions.
Insurance Agents/Brokers: Firms handling large agent networks.
Corporate Policyholders: Businesses deducting TDS on group insurance commissions. Common use cases include annual TDS filings for FY 2023-24, reconciliations before ITR filing, and responses to departmental notices.

Download Your Customizable Form No. 26D Today! Get instant access to our free download Form 26D format in PDF/Word. Customize it with your details, print, or e-file via the TRACES portal. Perfect for small agencies to large insurers seeking hassle-free compliance.

Important Note While our Form No. 26D legal template is designed by experts and updated for current laws, it is advisable to consult a Chartered Accountant or tax lawyer for personalized advice. Customize as per your specific court/company requirements. Explore related formats like Form 26Q, Form 27EQ, or TDS certificates for complete tax compliance solutions in India.

FORM NO 26 D ANNUAL RETURN OF DEDUCTION OF TAX FROM INSURANCE COMMISSION UNDER SECTION 206 OF THE INCOME-TAX, ACT 1961

Non-Judicial

FORM NO. 26D

[See section 194D and rule 37]

Annual return of deduction of tax from insurance commission under section 206 of the Income-tax, Act 1961, for the year ending 31^st March,?????..

(a) Tax Deduction Account Number

(b) Permanent Account Number

2. Details of the person responsible for paying any income by way of remuneration or reward or commission for soliciting or procuring insurance business under section 194D :

(a) Name /Designation

(b) Address

Flat/Door/Block No.

Name of premises/Building

Road/Street/Lane

Area/Locality

Town/City/District

State

Pin Code

? Has address of the person responsible for paying any income by way of remuneration or reward or commission Tick as applicable Yes No.

for soliciting or procuring insurance business referred to in section 194D, changed since submitting the last return

3. Payments of income under section 194D made and tax deducted thereon:

Payee	Gross payment made during the year	Total payment on which no tax deducted	Total payment on which tax deducted	Total amount of tax deducted

		Amount (Rs.)	No. of persons		Income-tax (Rs.)	Surcharge (Rs.)	Total (Rs.)
	(1)	(2)	(3)	(4)	(5)	(6)	(7)
1. Companies
2. person other than companies
Total

4. Details of tax paid to the credit of the Central Government :

Sl. No.	Challan Number	Date of payment	Amount of tax paid	Name and address of the bank
(1)	(2)	(3)	(4)	(5)



Total

4. Details of income referred to in section 194D credited/paid during the financial year and of tax deducted at source at the prescribed rates in force :

(a) In the case of income credited/paid to companies:

Sl. No.	Permanent Account Number (PAN)	Name of company	Address of the company	Amount of commission credited /paid, (Rs.)	Date on which amount of commission credited or paid whichever is earlier	Amount of tax deducted (Rs.)	Date on which tax deducted	Date on which tax was paid to the credit of Central Government	Tax deduction Certificate Number	Date of furnishing of tax Deduction Certificate to the company
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)






Total

(b) In the case of income credited/paid to person/payee other than companies:

Sl. No.	Permanent Account Number (PAN)	Name of person/ payee	Address of the person/ payee	Amount of commission credited /paid, (Rs.)	Date on which amount of commission credited or paid whichever is earlier	Amount of tax deducted (Rs.)	Date on which tax deducted	Date on which tax was paid to the credit of Central Government	Tax deduction Certificate Number	Date of furnishing of tax Deduction Certificate to the person/ payee
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)






Total

4. Details of income, refereed to in section 194D, which has been credited/paid during the year and of tax deducted at source at a lower rate or no tax deducted in accordance with section 197:

(a) In the case of companies:

Sl. No.	Permanent Account Number (PAN)	Name of company	Address of the company	Amount of commission credited /paid, (Rs.)	Date on which amount of commission credited or paid whichever is earlier	Rate of deduction of tax (%)	Amount of tax deducted (Rs.)	Date on which tax deducted	Date on which tax was paid to the credit of Central Government	Assessing Officer?s Certificate Reference Number	Tax deduction Certificate Number	Date of furnishing of tax Deduction Certificate to the company

(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)






Total

(b) In the case of person/payees other than companies:

Sl. No.	Permanent Account Number (PAN)	Name of person/ payee	Address of the person/ payee	Amount of commission credited /paid, (Rs.)	Date on which amount of commission credited or paid whichever is earlier	Rate of deduction of tax (%)	Amount of tax deducted (Rs.)	Date on which tax deducted	Date on which tax was paid to the credit of Central Government	Assessing Officer?s Certificate Reference Number	Tax deduction Certificate Number	Date of furnishing of tax Deduction Certificate to the person/ payee

(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)





Total

Verification

I, ??????????????????????.., certify that all the particulars furnished above are correct and complete.

Place: Name and signature of the responsible for deducting tax at source????????????????????

Date: Designation: ??????????..

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Frequently asked questions

What is Form No. 26D under the Income Tax Act, 1961?→

Form 26D is the annual return for deduction of tax at source (TDS) from insurance commission, mandated under Section 206 of the Income Tax Act, 1961 in India. It must be filed by payers to report TDS deducted and deposited.

Who should file Form 26D in India?→

Insurance companies or any person paying insurance commission above specified thresholds must file Form 26D. It is a legal requirement for TDS compliance under Indian tax laws.

Is Form 26D legally valid across India?→

Yes, Form 26D is the official prescribed format by the Income Tax Department of India, valid nationwide under the Income Tax Act, 1961. Ensure filing via authorized e-filing portal.

What format is Form 26D available for download?→

Form 26D is downloadable in PDF format from the Income Tax e-filing portal. Editable Excel/Word versions may be available for preparation before electronic filing.

Do I need to pay stamp duty on Form 26D?→

No stamp duty is required for Form 26D as it is a statutory tax return form under the Income Tax Act, 1961 in India, not a contractual agreement.

Can I customize or edit the Form 26D template?→

Yes, the downloadable Form 26D can be customized by filling in payer details, commission amounts, and TDS deductions. Submit electronically via the official portal for legal validity.