Entire income you receive is not taxed. It is the profit you make that is taxed. To compute the profit,...
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Certain investments related expenditure are allowed to be deducted from the NET Income, upto a maximum if 1,00,000/- Rs. Housing...
Taxable Income = NET Income – Total Deductions This is the actual non-savings part of the NET income upon which...
If the tax-liability (in other words, the amount of tax that need to be paid) is more than ₹ 10,000/-,...
Due Date to pay Income Tax for Freelancers , Advance tax by 15 March, Non Audited IT Return by 31...
If your Gross Receipts from Freelancing / any Other Business / Professional exceed ₹10 lakhs or income exceeds ₹1,20,000/- in...
Freelancing in india is a largely untapped [& equally exploited] market. Blame it on our lack of commitment to hone-honor our skills, and/or the lack of business acumen to make ourselves stand out as the brand name.
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