The number of freelancers and consultants are at a steep rise in India. The credit for this goes to wider internet penetration. People prefer to work ...

The number of freelancers and consultants are at a steep rise in India. The credit for this goes to wider internet penetration. People prefer to work on their own terms and conditions and still make more money than what they could make in a 9-5 job. But tax filing is something which scares them a lot here. We are dealing with the tax implications for freelancers, bloggers, and consultants in India. Mostly freelancers and consultants ask the question whether they have to pay income tax on their income. The answer is yes and in addition to income tax, they are also liable to pay service tax if their gross income is more than 10 lakh from freelancing as per the rate prescribed by the government. Freelancer is a term which refers to the person who is self-employed not working or committed to a particular employer or client for the long-term anywhere. Within Indian law, if you are running your own business then you are termed as the sole proprietor and the same thing applied to the freelancers.

Inference: No one likes to work in 9-5 jobs.

Choose the correct inference:

A. Inference is definitely true

B. Inference is probably true

C. Data is inadequate

D. Inference is probably false