The question what taxes do cab drivers pay is being asked very frequently these days. Why? Because with the advent of Uber and Ola, every other person is opting to become a taxi driver. The ride-sharing companies are not only transforming the way the country moves but also how people work and pay their taxes.
As per Uber rules, every driver that works from them is self-employed, which means they are obligated to pay their own taxes like any other business owners and self-employed person. Every taxi driver for Uber has to submit a self-assessment for the previous financial year as their Tax Return to report their income. While filing their ITR, a taxi driver can claim: