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What about Income Tax in India?

Discussion in 'PayPal' started by thegreat23, Mar 5, 2012.

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  1. #1
    Hello dere..
    i just wanted to know that if we have to pay the income tax for the money we earn on the internet??
     
    thegreat23, Mar 5, 2012 IP
  2. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #2
    Obviously YES. Why don't you consult any CA near to you for this ?

    DON.
     
    deluxdon, Mar 5, 2012 IP
  3. josefaryan

    josefaryan Member

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    #3
    Yes, of course. You've to pay the income tax (for what you've earned). No, matter how you've earned, where you've earned. The income tax in India will be as follows:

    Upto 1.8 Lakhs income per year (180 thousands), there will be no income tax. And if you earn more than 1.8 Lakhs then the tax will be applied. And the tax will be up to 30% (and is depends on the income). for more clarifications, please consult any Income Tax practitioner or Chartered Accountant.
     
    josefaryan, Mar 5, 2012 IP
  4. thegreat23

    thegreat23 Active Member

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    #4
    yeah but my income is not more than 1.8lakhs that means i am exempted?
     
    thegreat23, Mar 5, 2012 IP
  5. Hostding.com

    Hostding.com Peon

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    #5
    but i have heard in news that now 5 lacs income = no tax.. is that true?
     
    Hostding.com, Mar 6, 2012 IP
  6. nihangshah

    nihangshah Prominent Member

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    #6
    If your income is not above 1.8 lakhs, then you don't need to pay any tax.

    That's not true. Wait for official Union Budget to be announced on March 16th.
     
    nihangshah, Mar 7, 2012 IP
  7. JoomlaDesigner

    JoomlaDesigner Active Member

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    #7
    If you're a lady then don't worry, you don't need to pay tax.

    But if you're a male, you need to pay tax for 20,000.
     
    JoomlaDesigner, Mar 7, 2012 IP
  8. microrocker213

    microrocker213 Member

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    #8
    You should pay your tax when you withdraw your money in bank or request check it would go to official bank account and you should show account statement in Income tax return
     
    microrocker213, Mar 7, 2012 IP
  9. Hostding.com

    Hostding.com Peon

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    #9
    can anyone tell me if i earn more than 1.8 lakh per year what will be tax amount to pay?
     
    Hostding.com, Mar 10, 2012 IP
  10. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #10
    There is different tax slab for that so better you consult CA near to you who guide you further.

    DON.
     
    deluxdon, Mar 10, 2012 IP
  11. Hostding.com

    Hostding.com Peon

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    #11
    but i am not paying any tax from like 2 years so will they take any action ?
     
    Hostding.com, Mar 10, 2012 IP
  12. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #12
    All i can say is you need to pay tax if you are in any tax slab to avoid any future problem.

    DON.
     
    deluxdon, Mar 10, 2012 IP
  13. survivor2012

    survivor2012 Peon

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    #13
    IF you are earning more than 2 lacs a year deducting your expenses then you must file Income tax.
     
    survivor2012, Mar 20, 2012 IP
  14. warnor

    warnor Active Member

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    #14
    Yes, You definitely pay taxes on your online earning. You need to consult C.A for it.
     
    warnor, Mar 23, 2012 IP
  15. Moumita RC

    Moumita RC Greenhorn

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    #15
    This post proves you are an indian coming to the true country that can be easily hidden by using some hide my ip address or using a proxy server. .....i am not blind donot panic its fine to be indian dear so called warnor
     
    Moumita RC, May 18, 2012 IP