POSTED BY March 8, 2013 5:47 pm COMMENTS (2)ON
I am a professional. I work at a place as a part time employee for last 15 years with benefits of gratuity and PF. TDS is also deducted everytime I am paid.
I am also working as a professional other than the above job at a different place (my own place).
I pay taxes on my clubbed income from both the places. As I work as a professional, I cannot claim standard deduction.
However, now the employer has raised a query – As I am working as a professional outside, I cannot work as a salaried person. They think it is against the law. They have suggested that I work as a professional even at my part time job. But then I will loose gratuity and PF. My employer is ready to continue as before (as a salaried job), however they will require an undertaking from me that it is my responsibility.
My question is – Am I really breaking any law? My CA says no. In my CA is doing same thing. He is a teacher at a managment college as a salaried person. In his spare time he also does private practice, audits various PSU banks etc.
So – Can I work as a salaried person and an independant professional at the same time?