The number of freelancers and consultants are at a steep rise in India The credit for this goes to w...........

Logical Reasoning (RBI) Statement and Infrence

The question in the form of inference/conclusions are based on the passages given below. The passage is followed by five inferences. You are required to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.

The number of freelancers and consultants are at a steep rise in India. The credit for this goes to wider internet penetration. People prefer to work on their own terms and conditions and still make more money than what they could make in a 9-5 job. But tax filing is something which scares them a lot here. We are dealing with the tax implications for freelancers, bloggers and consultants in India. Mostly freelancers and consultants ask the question whether they have to pay income tax on their income. The answer is yes and in addition to income tax, they are also liable to pay service tax if their gross income is more than 10 lakh from freelancing as per the rate prescribed by the government. Freelancer is a term which refers to the person who is selfemployed not working or committed to a particular employer or client for the long-term anywhere. Within Indian law, if you are running your own business then you are termed as the sole proprietor and the same thing applied to the freelancers.

Inference: No one likes to work in 9-5 jobs.

Inference is definitely true

Inference is probably true

Data is inadequate

Inference is probably false

Inference is definitely false

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Explanation:

The very first line of passage says that number of freelancers is at steep rise in India. Probably it can be inferred that people does not like 9-5 job. But nowhere directly mentioned in passage that people does not like 9-5 job hence statement is probably true.