Sep 14, 2020 03:04:55 PM Edited Sep 14, 2020 03:08:09 PM by Lena E
Dec 19, 2020 11:57:59 PM by Vineet B
Hello Valeria,
I understand that Upwork is required to collect the withholding tax (Tax Deducted at Source) and deposit it with the Indian government. But from what I see in my tax portal, the amount of tax withheld from my earnings is not reflected. Can you please confirm the timeline by which you are required to deposit the withheld tax with the government, or please provide a statement along with the dates and amounts of the taxes are deposited with the government.
Thanks!
Sep 15, 2020 12:15:53 PM by Valeria K
Hi Nisha, Amit, Bibhas and Harsh,
Thanks for your questions. If a Freelancer is working on a contract under an Agency, the payments go to the Agency's account. So the tax will be withheld on that payment, and remitted in the name (and using the PAN) of the Agency.
Sep 14, 2020 10:52:44 PM by Joanne Marie P
Hi Amit,
I'd like to share the information that Lena noted on the announcement she posted here.
For those freelancers and agencies that have provided a PAN or an Aadhaar number:
We are required to withhold 0.75% of all your payments, starting with the first dollar you earn as of October 1, 2020, and forward it to the Indian government. The rate is scheduled to increase to 1% on April 1, 2021.
For those freelancers and agencies that have not provided a PAN or an Aadhaar number:
We will be required to withhold 5% of all your Upwork earnings and forward it to the Indian government. You will be able to claim a tax credit or refund from the Indian government should you pay more taxes than required.
You will need to add a PAN or Aadhaar number in order to keep the withholding tax at .75% of your earnings.
User | Count |
---|---|
37 | |
25 | |
20 | |
15 | |
14 |
© 2015 - Upwork® Global Inc.