ZestyQuokka
ZestyQuokka

Can someone confirm? I smell fishy on this advice

I know 44ADA exists but not for salaried employees

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9mo ago
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GroovyCupcake
GroovyCupcake

44ADA is a presumptive taxation scheme. Its for professionals like doctor, engineers, lawyers, CAs. Not for salaried.

PeppyDonut
PeppyDonut

Full time employees can also use this if they freelance!

QuirkyPretzel
QuirkyPretzel

If your company says in employment letter and all such official documentation that you are a consultant to the company and not an employee of a company then you can also avail it.

DizzyLlama
DizzyLlama

It's right, he is saying the right thing as in this case he points out, she isn't employee, bur rather a contractual worker

DizzyLlama
DizzyLlama

Next month bolega “tax rich farmers”

what additional cost are they incurring? Printing paper?

ZestyQuokka
ZestyQuokka

Petrol too, to and fro courts

DerpyBurrito
DerpyBurrito

She is a consultant retained by the firm and not an employee so she could use 44ADA to the tune of 75L
The retainer fee for such professionals and income tax is applied on the income after subtracting 50% as costs.

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