One of my frnds used my mail and bank account for a freelance work and they got around 50k and now they stoppef it. I am a software engineer do i need to pay tax for this too. Recently I shifted to new company if I add this amount I will be in slab of above 5 lpa. Please explain me this.

Posting as :
works at
You are currently posting as works at

If you are working two parallel jobs, then to freelance job ask them if they can Google pay or phonePe you...don't give your bank account details to freelance company

Thank you, actually I didn't file itr till now I don't have any idea, do I need to inform this to my employer, I mean i need to add this in the portal as other income source

Yes it will be counted as an extra income, so you to pay tax accordingly.

dont worry just file income tax .
50000 standard deduction is there and also pf deduction counted in 80 C
if after standard deduction and pf deduction income is more than 500000, mention in rent paid for 96000 yearly.
and you can also invest in ELSS mutual fund.

just DM me if have any doubt

welcome

It doesn't matter if money was transferred into your bank account, such small amounts are not tracked and reported by Bank to income tax ( IT department).
Only "income" is taxable. It will be considered as income only when the company submits the information (amount paid and pan number) to the IT department. This submission is generally done on a quarterly basis.
Download your Form26AS from income tax website and verify if any income has been reported against your pan number.
(I hope that your friends have not submitted your name and pan to the freelance company.)

Thank you

If the funds were transferred to your account, you are liable to pay for it.

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