Do Freelancers Have to Pay Tax on Every Payment they Receive?

Freelancers are required to pay taxes on every payment they receive if their total annual income exceeds the basic exemption limit. The payments are treated as income from business or profession under the Income Tax Act, and freelancers must also comply with GST if their turnover exceeds the threshold limit. The article explains the tax implications for freelancers, including advance tax payments and deductions they can claim, providing clarity on their tax obligations.