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Self employed taxes

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I Started My Career In June 2011 Then I Earned Rs 60000 Rs Upto December 2011.Then I Done Courses But I Was Unable To Get A Job I Worked As Intern For Few Companies From Nov 2012 They Payed Me Stipend I was About 25000 And From June 2013 I Started Working As Self Employed Opening Bank Account With My Name I Made About Another 25000 Till Date I Made About 1,10,000 Where To File This Taxes And Is It Legal Opening Bank Account And Working Or Should I Register As Business.

Many Said It Only Necessary To Open Bank Account Under Your Name And Just File Income Tax Return Every Year.

What Shall I Do In My Case.

Replies (1)

CA Rakesh T

Chartered Accountant

590 Points Joined February 2008

Relax.. You dont have to pay any tax. You are not making enough money to pay tax. And what you are doing is perfectly legal, so dont worry and concentrate on making more money.

For your knowledge, you can ask again , when you make more than 200,000 Rs in one financial year(Apr-Mar). Until then , just focus to make more money.