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<asp:Parameter Name="NewID" Direction="Output" Type="Int32" DefaultValue="0" />

Here is a more detailed example in use:

<asp:sqlDataSource ID="EmployeeDetailsSqlDataSource" 
  SelectCommand="SELECT EmployeeID, LastName, FirstName FROM Employees WHERE EmployeeID = @EmpID"

  InsertCommand="INSERT INTO Employees(LastName, FirstName) VALUES (@LastName, @FirstName); 
                 SELECT @EmpID = SCOPE_IDENTITY()"
  UpdateCommand="UPDATE Employees SET LastName=@LastName, FirstName=@FirstName 
                   WHERE EmployeeID=@EmployeeID"
  DeleteCommand="DELETE Employees WHERE EmployeeID=@EmployeeID"

  ConnectionString="<%$ ConnectionStrings:NorthwindConnection %>"
  OnInserted="EmployeeDetailsSqlDataSource_OnInserted"
  RunAt="server">

  <SelectParameters>
    <asp:Parameter Name="EmpID" Type="Int32" DefaultValue="0" />
  </SelectParameters>

  <InsertParameters>
    <asp:Parameter Name="EmpID" Direction="Output" Type="Int32" DefaultValue="0" />
  </InsertParameters>

</asp:sqlDataSource>

Thanks to Niranjan Singh for the example.