Indians turn to side hustles, freelancing as non-salary income rises: ClearTax
Indians are increasingly earning from non-salary sources like trading and freelancing as reported by ClearTax. The percentage of self-filers reporting such income grew significantly from previous years. Data shows that young individuals are entering investment opportunities earlier than ever before. Additionally, women's participation in capital gains and higher income brackets has increased…
New Delhi - Indians are increasingly turning to side hustles, freelancing, trading, and business ventures for income beyond their traditional salaries, according to a report by the fintech platform ClearTax. In Assessment Year 2026-27, 47 per cent of self-filers on ClearTax's portal reported income from non-salary sources, a significant jump from 9.5 per cent in Assessment Year 2022-23.
Young professionals are particularly active in the investment economy, with 75 per cent of self-filers under 25 filing complex returns in AY 2026-27, compared to 60 per cent in the previous year. Women self-filers are also diversifying their income, with 30.5 per cent reporting capital gains and a growing presence in higher income brackets.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
