Dear Friends
I am an Internet Marketer. All my income comes from USA Advertising Companies via Bank Wire Transfer to my account in State Bank of India.
I have earned around Rupees 3.5 lacs in 2011-2012 and i am not sure of how much tax will i have to pay. Reason of apprehension is that many people say that since i earn from foriegn currency (ie Dollar to Rupee conversion via Bank transfer), my income is not taxable.
Kindly help me with the above issue and how much tax should i pay.
Thanks
Rishab