Gig workers find it tough to assess advance tax payment

Quick Summary:

India Business News: MUMBAI: The employment stratosphere is constantly evolving.

Those with income flowing from gigs find it difficult at the very onset of a financial year to estimate their income for the entire year.

The Income-tax (I-T) Act prescribes for payment of advance taxes if a taxpayer's liability is more than Rs 10,000.

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Article Details

Author / Journalist: Lubna Kably

Category: EconomyBusiness

Markets: IndiaUnited States

Topics: Tax liability Advance tax payment Business news Income tax Non-salaried Gig workers

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 09:17:33 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 759 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21669235

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 12 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 58 minutes ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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