Commission Formula:
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In Indian real estate transactions, the total commission paid by the seller is typically split between multiple parties - the listing agent, buying agent, and sometimes the brokerage firm. This calculator helps determine an individual agent's share based on the total sale price and agreed split percentages.
The standard calculation follows this formula:
Where:
Commission Structures:
Instructions: Enter the property sale price in INR, total commission rate (as percentage), and the agent's split percentage. The calculator will show the agent's final commission amount.
Q1: Who pays the commission in India?
A: Typically the seller pays the full commission, which is then split between agents.
Q2: Is commission negotiable?
A: Yes, commission rates are often negotiable, especially for high-value properties.
Q3: How is commission taxed?
A: Commission is taxable as income for the agent/brokerage under Indian tax laws.
Q4: What's a typical agent split percentage?
A: Experienced agents may get 70-80%, while juniors might get 50-60% of total commission.
Q5: Are there regional differences?
A: Metro cities often have slightly lower rates (1-1.5%) compared to smaller cities (1.5-2%).