Income tax on income from salary, sole proprietary and LLP

This discussion clarifies how income tax is calculated for individuals with multiple income streams. It covers taxation on salary, freelance research income (which can be treated as business income or other sources), and income from LLPs. Importantly, it notes that LLPs are no longer covered under presumptive taxation from FY 2021-22, and only remuneration and interest on capital from an LLP are taxable in your personal return, while profit shares are exempt.