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Salary tax help


SHASHIDHAR (DATA ANALYST/ STUDENT)     09 September 2014

SHASHIDHAR
DATA ANALYST/ STUDENT 
 64 likes  682 points

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It's been a long time I haven't logged in to this site. I'm a CA drop out. Well, I was here years ago. 

Caclub Members, Could you please help me on this? I work online and make 16,000 per month hardly. I want to file IT. Do I have to consult CA for sure? Please tell me the whole process. 

Can i pay by myself? Please send me the links if its possible. 

 

avater

CA Saloni (Deputy Manager-Accounts & GST Consultant)     09 September 2014

CA Saloni
Deputy Manager-Accounts & GST Consultant 
 421 likes  5006 points

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Hi dear,

welcome back...

If you work for any particular organization, then consider your income as salary....

If you work as a freelancer, then may be business income.

but 16000*12 is below compulsory limit...
 

avater

Srinath (Chartered Accountant)     09 September 2014

Srinath
Chartered Accountant 
 11 likes  166 points

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Welcome back!

Assuming you do not earn any "other income" other than that stated by you then Saloni's answer holds true (w.r.t. Salary/Business incomes)

avater

SHASHIDHAR (DATA ANALYST/ STUDENT)     09 September 2014

SHASHIDHAR
DATA ANALYST/ STUDENT 
 64 likes  682 points

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Hi Freinds, 

Thank you very much for the input. 

But my my question is how much do i need to file? (In Amount)-?? Can i pay it by myself? Or for the first time i need to approach Chartered accountant? I want to file ITR for the first time. It's not like salary, But something related to online business as ( Freelancer) 

So I just want to make it reasonable for further helpful in future. It's unnecessary to pay tax in my field. But i want to benefited by ITR for future reference. 

 

Thank you.

Waiting for your valuable replies

Sakthi Baskaran (Chartered Accountant)     09 September 2014

Sakthi Baskaran
Chartered Accountant 
 12 likes  141 points

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Assuming you don't have any other income,your income is less than basic exemption limit (16000*12).therefore tax payable is nil.you can file return by yourself.


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