Tax rate applicable

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seema vithlani (Querist)
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22 February 2014 NOWADAYS PEOPLE GET INCOME ONLINE FOR DOING WORK ONLINE THRU GOOGLE & OTHER SOURCES. IS THERE ANY SPECIAL PROVISION OF TAX ON THAT INCOME OR REGULAR SALARY INCOME CAN BE CONSIDERED. AS THEY GET DIRECT PAYMENT IN THEIR BANK ACCOUNT WITHOUT PHYSICAL CONTRACT OF WORK THEY DO ONLINE. OR IT CAN BE TREATED AS CONSULTANCY SERVICES. PLEASE GUIDE.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 February 2014 it is not salary in any case unless there is an employer-employee relationship established.

such payments would normally be accounted for as payment for consultancy services/contractual services and should be offered for taxation under "income from business/profession"

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