A password will be e-mailed to you. There are various part time offline jobs as well as online jobs that can pay you an extra income. Part Time Blogging Either you want to make some extra income in part time or looking for a high paid online jobs, blogging is the best. Thousands of students, housewives and part-time seekers make Rs. I, myself doing full-time blogging from last 7 years and making a 6 figure income from my blog.
Comment Synopsis A second job can boost your finances, but study your employment contract and tax implications carefully first. Getty Images On an average Indian freelancers earn close to Rs 20 lakh— the incomes range from less than Rs 2.
A high savings rate, sound financial planning and efficient asset allocation are essential for fulfilling your aspirations. A second source of income can further ease the journey towards your goals. The supplementary source of income can also act as a cushion against a job loss or a pay cut and could even turn into your primary source of income if you are passionate enough about the vocation.
7 Ways to Make Extra Income Even With a Full-Time Job
Ask Kolkata-based science teacher Shambo Sen, 29, who got into online tutoring through learnpick. In Pic: Shambo Sen 29, Kolkata Occupation: Academic Part-time work: Online tutor Extra earnings: Rs 20,Rs 50, a month According to a study conducted by online money transfer and payment processing major Paypal last year, on an average Indian freelancers earn close to Rs 20 lakh— the incomes range from less than Rs 2.
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The study found that web and mobile development, web designing, Internet research and data entry were key focus areas for Indians, besides accounting, graphic design and consultancy.
Online tutoring, content writing and social media influencing, too, could also be highly rewarding. Pune-based June Biswas, 31, is a data analytics professional. However, her role as an influencer on Instagramtoo, helps her net a neat sum—Rs additional income and part- time work, to Rs 1 lakh—a month.
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- 7 Ways to Make Extra Income Even With a Full-Time Job
However, the pay is not standardised. Legally speaking While such gigs can be lucrative, if you are employed with an organisation on a full-time basis, you need to tread cautiously.
Earn bitcoins on blockchain executives signing up as guest faculties at management professional training institutes is one such example.
While an employment contract requires the employee to exclusively offer her services to one employer, exceptions are made under certain conditions.
Provided your employer has given a go ahead, you can consider teaching assignments, private tuition at home and content writing gigs if you are not employed with a content-driven organisation. Mumbai-based software professional Rohit Verma, 50, is a regular on the guest faculty and corporate training circuits. He conducts lectures on risk business continuity management at various institutes, apart from safety training and emergency response at schools, colleges and also NGOs.
15 Side Jobs to Make Some Extra Money
In Pic: Rohit Verma, 50, Mumbai Occupation: Software professional Part-time work: Corporate trainer and guest lecturer Extra earnings: Rs 20, a month Before signing up for any part-time project, ensure that you read your contract of employment carefully. So, it is important to check the contract.
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A number of employers put up terms and conditions governing the employment on their websites. But what if the contract or employment policy does not offer any clarity? It is best to proactively disclose such part-time gigs, even if you have engaged yourself for purely altruistic considerations. How it helps and what to consider This will not only ease the journey towards achieving your long-term goals but will also act as a cushion against financial emergencies.
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In fact, this may even turn into your primary source of income if you feel passionately about it. Lucrative as it may sound, you will first have to check with your primary and full-time employer if you can take up such an opportunity, basis the company's policy and clauses.
Finally, you will also have to look out for the tax implications this will have on you. Here are 4 popular second job choices which you can consider.
Who is looking for you: Fashion, cosmetics, lifestyle and food brands, among many others.
20 Side Jobs You Can Do for Extra Money Now
The job: Depends on agreement; posts for a lump sum fee or a number of posts over a few months. Earning potential: If your follower count on say, Instagram is between 2, and 20, you can expect Rs 2, per post from a brand collaboration or campaign. If the count is between 50, and 1 lakh, the pay scale goes up to Rs 20, Once you have more than binomo option enter lakh followers, you can even demand over Rs 1 lakh per static post.
The job: Depends on discussions; could range between hour-long lectures a week. Who is looking for you: Management, engineering and other institutes. The job: lectures a week at local institutes; premier institutes could also ask you for a commitment of hours per semester. Earning potential: Pay is linked to subject and skills and the institute, rather than experience.
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At premier institutes, you can earn Rs 4 lakhs per semester, besides reimbursement of other expenses. At local institutes, fees can range between Rsper lecture.
Certain professionals like architects, lawyers, doctors, engineers and chartered accountants can opt for the presumptive taxation scheme under Section 44ADA, which specifies the list of eligible professionals. The scheme exempts them from the tedious job of maintaining full set of books of account and getting them audited.
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However, they will not be able to claim any additional deduction for any business expenses or depreciation on assets. If the profession does not qualify for the presumptive taxation scheme, one has to maintain additional income and part- time work books and accounts as required by the rules, calculate net profit and pay taxes accordingly.