regarding pan card for indians.
By pan_23
@pan_23 (420)
Kuwait
November 18, 2012 10:17pm CST
hi,i am an indian housewife and i dont do any job. now i want to open pan card which is needed for paypal(for getting my online earnings). i have one doubt about pan card. if we indians have pan card,will they cut our earnings for income tax? does any housewife's here, know this or do u get income tax for paying,if u pay how much income tax we will get ,for suppose for 100 rupees of our online earnings?
4 responses
@kai9999 (1700)
• India
19 Nov 12
if you are female you don't have to pay any tax up to 2 lakh and for male is up to 1 lakh
if you transfer 100 rupess or below 2 lakh you don't have to pay any tax's but if you earn more than 2 lakh with in an year you will have to pay tax's.
tax percentage will vary from 10% to 30% based on you earnings.
1 person likes this
@nitinnair89 (2900)
• India
19 Nov 12
Hi. Just adding a response as you have already got your answer above. I'm glad to see these many indians here. Happy mylotting
@mohkanari (1957)
• India
19 Nov 12
No person need to pay income tax or submit tax returns merely by having PAN Card. It only link a person's identity with bio data to the Income Tax Department of India. As you have no job no need to pay income tax at all.
@Thiruneesh (107)
• India
19 Nov 12
Pan card is must for paypal verification, so u must apply for it. There is no condition for applying pan card just submit your address proof and id proof.
You only pay income tax they did not detect automatically from your earnings.
