5 Things A Freelancer Must Consider While Filing IT Return

A freelancer is an individual who, for the long term, is self-employed or not dedicated to a single employer. Freelance employees are often represented by a firm or a temporary organization whereas some others work individually for professional websites to get paid. Income tax laws are significantly specific for freelancers as opposed to salaried employees. An individual who works as a freelancer is not allowed to claim some exemptions that are open for a salaried individual. Freelancers are entitled to claim their legitimate expenditures if they do so in regard to their employment. The income tax rates under which a freelancer is taxed do not make any disparity. As a salaried employee, the same income tax rates are applied to a freelancer respectively.

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