Income as a consultant or employee
This query is : Resolved
abhishek harsh
(Querist)
28 December 2012
I need to get decide the income against salary is beneficial or against consultant.
Kindly let me understand complete calculation for comparison.
Kindly let me understand complete calculation for comparison.
Prof. Bajaj
(Expert)
28 December 2012
In my opinion, it would be beneficial to take income as a consultant. This way:
1. You can claim most of your expenses as business expenses.
2. This can help you lower your tax slab.
3. You need not mandatorily contribute to PF. You can choose your own avenue to invest to save tax and grow wealth.
1. You can claim most of your expenses as business expenses.
2. This can help you lower your tax slab.
3. You need not mandatorily contribute to PF. You can choose your own avenue to invest to save tax and grow wealth.
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