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ITR form & declaration of freelancing income for salaried employee

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Ashutosh

26 Points Posted on 22 July 2023

Hello, I am a Indian citizen & a salaried employee with salary of around 15 Lakhs.

I have income from other sources which comprise of:

~ Interest from savings bank account

~ Interest from bank deposits

~ Dividend Income All these incomes combine to a value of about Rs. 18,000.

In addition to above, I have intermittent freelancing income from couple of clients based in Europe. The payment is received in my PayPal account & is then automatically transferred to my Bank account periodically. The total freelancing income for the year is about Rs. 5000.

From the point of view of AIS statement, the salary & income from other sources is visible. However, the freelancing income is not appearing in the AIS statement. I wish to know, which ITR form should I file? Furthermore, do I need to declare the freelancing income as income from outside the company? If yes how?

Hoping for your valuable guidance on the above query.

Replies (3)

Quick Summary

A salaried employee earning around 15 Lakhs annually, with additional interest and dividend income, is seeking guidance on filing their Income Tax Return (ITR). They also have a small amount of freelancing income from European clients, received via PayPal, which is not appearing on their AIS statement. The user needs to know the correct ITR form to file and how to declare this freelancing income, specifically if it should be treated as foreign income.