What is Freelancing Income?
Freelancing income refers to the earnings generated by individuals who work independently, often on a contractual basis, rather than being employed by a single employer on a long-term basis. Freelancers typically offer their skills and services to multiple clients, often remotely, and are usually paid for the work they complete based on negotiated rates or project fees.
Common types of freelancing work include writing, graphic design, web development, consulting, digital marketing, and various other specialized services. The income earned from freelancing can vary widely depending on factors such as the freelancer’s skill level, industry demand, rates charged, and the volume of work completed. Some freelancers may earn a full-time income solely from their freelance work, while others may freelance on a part-time basis to supplement their primary income from traditional employment.
You can refer to the below video for a detailed analysis of Taxation rules for freelancers in India.
CA Arti Agarwal is a practicing Chartered Accountant and finance content creator, helping in the field of Taxation, personal finance, startups, freelancers and Individuals. She has contributed articles to various online publications and blogs. CA Arti Agarwal is passionate about helping readers understand complex tax and finance concepts in an accessible and engaging way.
