How not to pay income tax in 2021

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Student
5 Points Posted on 06 September 2021

Wanted to understand how a citizen of India can find way to not pay or file income tax in a simple manner

Common practice i see in India

Receive payment below 5 lakh per annum on family members account 

Receiving payment in cash only

Received payment in bitcoin 

So what other practice can be done in legal way so a normal citizens do not have to pay income tax if he is freelance or a small business man or a street vendors. 

 

 

 

 

 

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On 06 September 2021 at 07:28 Report
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Finance/Compliance Consultant
69550 Points Posted on 03 July 2026

Hiding income via cash or family accounts is illegal tax evasion. Instead, freelancers and small businesses can legally reduce or eliminate their tax liability using the Presumptive Taxation Scheme (Sections 44AD/44ADA) to declare a lower net profit, and combine this with the Section 87A rebate, which results in zero tax if net taxable income stays under ₹7 Lakhs in the New Tax Regime.

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On 03 July 2026 at 15:39

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