In today’s digital era, many individuals are turning to online platforms to earn a living. From freelancers to bloggers, online trainers to affiliate marketers, the internet has opened a plethora of opportunities. But, with this increasing wave of online income, how does the Indian Income Tax Act treat these earnings? In this blog, we’ll dive deep into understanding the “tax on online income” and the nuances of “income tax for freelancers” in India.
Understanding Online Income in the Indian Context
The term ‘online income’ is broad. It encompasses a wide range of activities – from selling products on eCommerce platforms, offering freelance services on websites like Upwork or Fiverr, to generating income through YouTube channels, blogs, or affiliate marketing.
From the perspective of the Indian Income Tax Act, regardless of the source, all income that is received or accrues to an individual in India is taxable unless it’s explicitly exempt.
