Huge Relief For Freelancers On Taxation Zero Tax On 50 Income
The income tax provision is equally applicable to all the people in the country. The eligibility is decided as per the income tax bracket of government of India. Now, freelancers also have an income tax provision for them. As per the government rule, freelancers who have income less than 50 lakhs, only 50% of their income will be taxed in a year. For instance, if the income of a freelancer in one year is 10 lakhs, then only 5 lakhs of his income will be taxed....