It refers to the tax paid by the person who earns income independently or a sole proprietor who is self-employed. Self-employed people work in several industries, like trading, fitness, commission-based work, freelancing, teaching and many more. At the india level, people who earn an income of more than 2.5 lakh are liable to pay income tax. Due to a lack of financial processes and knowledge, self-employed fail to file their taxes. For such a situation, it has been recommended that such individuals should maintain a regular update with file returns and tax complaints.
