Indian Webmasters Pay TAX?
The Tax bell isn’t ringing yet, but have you paid all your taxes? Is your account all clear? If not well you must for sure pay your taxes and live a tension free life.
But are you eligible to pay your taxes?
Under section 139(1) of the Income Tax Act, there are additional six conditions, which forces a person to file his income tax return. These condition are:-
1. Owner of a Motor vehicle
2. Owner of immovable property
3. Person who does foreign-travel
4. Subscribers of a telephone
5. Holder of a credit card
6. Incurs expenses on himself
What the Tax Rate in India?
Income Tax Rates for Year 2008-09
| For Year 2008-2009 |
|
Taxable Annual Income Slab (In Rs.) |
Tax Rate (In %) |
| Upto Rs. 1,50,000/- | Nil |
| Rs. 1,50,001/- to Rs. 3,00,000/- |
10% |
| Rs. 3,00,001/- to Rs. 5,00,000 | 20% |
| Above Rs. 5,00,000/- | 30% |
For Females
| For Year 2008-2009 |
|
Taxable Annual Income Slab (In Rs.) |
Tax Rate (In %) |
| Upto Rs. 1,80,000/- | Nil |
| Rs. 1,80,001/- to Rs. 3,00,000/- |
10% |
| Rs. 3,00,001/- to Rs. 5,00,000/- |
20% |
| Above Rs. 5,00,000/- | 30% |
For Senior Citizen
| For Year 2008-2009 |
|
Taxable Annual Income Slab (In Rs.) |
Tax Rate (In %) |
| Upto Rs. 2,25,000/- | Nil |
| Rs. 2,25,001/- to Rs. 3,00,000/- |
10% |
| Rs. 3,00,001/- to Rs. 5,00,000 | 20% |
| Above Rs. 5,00,000/- | 30% |
Looking to pay your taxes the first most important step is to find a reputed CA!
I :I earn online i want to know how to pay TAX for it
CA : How you earn?
I : I sale site and all
CA: Can you teach me?
Well if thats the CA you have found, haha; it seems you have lost it. I said before find a Reputed CA. 
Steps to goahead living a Tension free life:
1. Find out a reputed CA in your area/town.
2. Speak openly to your CA, never hide anything from him.
3. Explain the type of business you are into.
4. Say it, you make websites, sell ad space, design, hosting, web services.
5. Entire payment you receive is in US dollar which is into paypal account.
6. When you withdraw the amount, you receive it in Indian Rupees.
7. Entire amount/revenue is in cheque or direct deposit which is White Money.
8. At the end of the financial year, the bank account statement are given to the CA.
9. CA files the Tax for you to the government.
10. You don’t have a PAN Card, never paid taxes before, well all these problem can be sorted out. Just find a good CA.