Just curious to know how many of your are paying tax for your online earnings Its my 1st year so I would like to know if I should include it or not.. My earnings a month are like $500-700 so if I don't include will there be any problem?
Im not from India so I dont know how the Income Tax Laws stand, but in UK I do...yeah. Cant remember the exact figure but you are allowed to make £x tax free, and then after that figure you need to start paying tax on it. Annoying to do that when you are freelancing, but still better than going to prison I would imagine that if your earnings are $500-$700 a month you will have to pay tax on it. $6000-$8400 p.a. is pretty likely to be taxable imo.
You get relaxation in taxable income. Which is Rs 150,000.00 per year. If you earn more than that, you have to pay taxes.
Even i am in the limits.. Plus isnt it like that if u bring foriegn currency to country there is no tax on that amount not sure