Income From Freelancing In Addition To Salary | Vkeel - Free Legal Advice

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Malappuram

I am working as a project engineer on a contract basis in a central govt. institute (Contract validity is till 1 yr, but can extend for more years at the end of each period). In the appointment letter, it was mentioned that "during the tenure of engagement on a contract basis you will not be permitted to work with for any other agencies, including private firms". but In my free time, I worked on some freelance websites like Upwork, Chegg, etc for one-time tasks by believing that the institute has a problem only if I work in another firm regularly. The annual income from the institute is less than 2.5 lakh, once I filed an income tax return since they are taking TDS from my salary.and that time the income from the freelancing was negligible. But now the annual sum of freelance and salary income will be more than 2.5. Also from next month onwards, the freelance website going to take TDS irrespective of how much I earn there. 1. Do I have to pay tax. 2. Will the 2 TDS per moth cause any problem

Expert's Answers(3)

Advocate J L Naagar
Jalandhar, Punjab

169 Client Ratings

You definitely can't obtain and retain two Nos. for payment of Tax. You also basically can't have two PAN Nos. It would be better for you to Consult you CA who is in better position to guide you on the subject.

September 19, 2020
Advocate Suneel Moudgil
Panipat, Haryana

40 Client Ratings

1. you should intimate your institute regarding freelance work to avoid/reduce any future legal complication, however, you are liable to pay tax on your income as per the tax slab/rules, and, deduction of TDS by two will not cause any issue,

September 19, 2020
Advocate Abhimanyu Gurawalia
Patli Hajipur, Haryana

60 Client Ratings

it will better to consult a CA for better suggestion as tax related matter are deal by a CA

September 19, 2020