Is money earned from internet is Completely tax free?

@dhawanbm (3705)
May 23, 2009 10:21am CST
Although one can earn some amount on line and there is an urge to earn more yet ever is this money safe as far as tax is concerned, Should this amount be shown in the income tax return?
1 person likes this
3 responses
• United States
23 May 09
Unfortunately no. Income no matter where it comes from is taxed. Fortunately, this amount is usually too small (unless you're making a really good living off of it) to be taxed much if any at all. Generally after you calculate it, it won't be enough to have to owe any taxes.
1 person likes this
@monouu (2608)
• Singapore
24 May 09
It all depend on your country policy. Different countries got different rule and regulation and you should consult the relevant authority board. Since mylot is a international discussion site, the answer may not be applicable to you.
• India
26 May 09
generally we dont get enough pay from online jobs. So we have to fill up a miscellaneous income in our income tax forms in india..But if it is enormous then we have to fill up a separate section for that.!
@teison2 (5924)
• Norway
23 May 09
This depends on your countrys taxation laws. Where I live one is allowed to ear between 3 and 400 dollars from one employer before one has to pay taxes.