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A growing number of Indian tech workers are embracing moonlighting despite disapproval from their bosses

Study discovers 30% surge in moonlighting among Indians

A growing number of Indian tech workers are embracing moonlighting despite disapproval from their bosses

Despite disapproval from their bosses, an increasing number of Indian tech workers are embracing moonlighting, according to a recent report by CNBC. The report highlights a growing trend among Indian tech professionals who are engaging in additional work or side gigs outside of their primary employment.&nbsp;
Despite potential conflicts with their employers, Indian individuals are seeking moonlighting opportunities to diversify their income, explore new skills, or pursue their passion projects. The report sheds light on the motivations and challenges faced by Indian tech workers as they navigate the world of moonlighting.
For those unaware, Moonlighting refers to the act of holding a second job or engaging in additional work outside of one's primary employment. It involves taking on extra work during non-working hours, such as evenings, weekends, or days off, to supplement one's income.&nbsp;
Moonlighting can take various forms, including freelancing, part-time jobs, consulting, or starting a side business. It allows individuals to explore different interests, gain additional income, or develop new skills outside of their main career. While moonlighting can provide financial benefits and personal fulfilment, it is important to consider any contractual obligations or potential conflicts of interest with the primary employer.
Also watch: <a href="https://www.editorji.com/business-news/moonlighting-now-you-might-have-to-pay-more-tax-here-to-know-everything-1667546363873">Moonlighting? Now you might have to pay more tax; here to know everything&nbsp;</a>

Moonlighting? Now you might have to pay more income tax 

Moonlighting? Now you might have to pay more tax

Moonlighting income tax

The concerns from tax authorities have come at a time when there is an ongoing debate on how far 'moonlighting' by employees can be allowed

The debate around moonlighting grabbed headlines in the IT industry after top IT companies like Wipro, Infosys and TCS have been raising concerns of late about moonlighting, .&nbsp;
In its latest reports by Economic Times, The Income Tax (IT) authorities have cautioned that moonlighting can have some tax implications.
Several techies have already reached out to their tax planners, discussing with them how to declare this secondary source of income and how to minimise their tax burden. They are also trying to understand whether the extra earnings can be treated as professional income.&nbsp;
The principal chief IT commissioner, Tamil Nadu, Puducherry and Kerala, R Ravichandran, said that any company or individual pays over ₹ 30,000 to a person for a contract job or pays a professional fee is liable to deduct taxes at source (TDS) at the applicable rate.
According to Section 194C of the Income Tax Act, any individual who gives a fee to a residential individual for carrying out contract work must deduct TDS.
Here, the individual making the payment can be a firm, trust, company, or local authority, among others.

The term Moonlighting refers to having a secret second job, in addition to one's regular employment. 

What is Moonlighting? Here's everything you need to know

After quiet-quitting and FIRE movement, it’s time to talk about a new elephant in the room called Moonlighting!

EXPLAINED: Moonlighting and the controversy around it!

The term Moonlighting refers to having a secret second job, in addition to one's regular employment.&nbsp;

A lot has changed about the work-life balance and working styles during and post the pandemic era. Now as offices have resumed and people are back in on-site workplaces, new working trends are evolving every now and then. Few among them being 'Quiet-quitting&rsquo;, &lsquo;FIRE movement&rsquo;, and Great resignation&rsquo;.
Now it&rsquo;s time to talk about a new elephant in the room called &lsquo;Moonlighting&rsquo;. No, this has nothing to do with the astronomical elements. Rather, the dictionary meaning of this term is &lsquo;to have a secret second job, typically at night, in addition to one's regular employment&rsquo;. 
The practice majorly came into focus after major IT companies in India announced a slack in pay offs in the first quarter of the fiscal year 2023. However, it seems that the IT sector is clearly divided, when it comes to moonlighting. It is evident by the Tweets of Rishad Premji, the Chairperson of Wipro, where he wrote, "There&rsquo;s a lot of chatter about people moonlighting in the tech industry. This is cheating -plain and simple.&rdquo;
On the other hand, T. V. Mohandas Pai, Former Director of Infosys was quoted by media saying that he does not consider moonlighting cheating as employment is a contract between an employer who pays for working for them for 'n' number of hours a day. Now what employees do after that time is their freedom. N Ganapathy Subramaniam, the CEO of TCS, also described it as an "ethical issue".
Also watch: <a href="https://www.editorji.com/lifestyle-news/health/say-bye-to-great-resignation-shake-hands-with-quiet-quitting-1660888802009">Say bye to great resignation; shake hands with quiet quitting!</a>
Why is Moonlighting trending these days?
Recently, a popular food delivery app announced its &ldquo;industry first" policy that allows moonlighting for its employees. It said &ldquo;Any project or activity that is taken up outside office hours or on the weekend, without affecting productivity, and does not have a conflict of interest, can be picked up by the employees&rdquo;.
Is Moonlighting ethical in India?
In India, moonlighting depends on the agreement that a company has with its employers. It is considered illegal if an employee&rsquo;s agreement strictly prohibits a second employment. However, it is legal if the employer provides relaxation. So, before hunting for a side job, it is always wiser to turn the pages of your work agreement.
Why do people prefer Moonlighting?
There is no doubt that the global economy has been hit badly by the pandemic and the incidents of companies shutting down and laying off their employees are way more than ever before. However, there could be many reasons behind moonlighting, besides earning those extra bucks. For some an extra job at night could be a plan B if they are insecure about their regular daytime job. For some, it could be following a passion or exploring their creative side. Some people go moonlighting as an option for a career change.
While various discussions and arguments will come and go, the &lsquo;OG&rsquo; of moonlighting will always remain our school teachers who would turn into our tuition teachers by evening.
Don&rsquo;t we all agree on this?
Also watch: <a href="https://www.editorji.com/lifestyle-news/early-retirement-plan-101-know-all-about-fire-movement-1662186101395">Early Retirement plan 101: Know all about FIRE movement</a>

Days after Indian IT giant Wipro warns its employees of moonlighting, Chairman Rishad Premji said the company had found its 300 employees worked with one of its competitors at the same time.
He further added that their employment had been terminated for "act of integrity violation".
The definition of moonlighting itself is about having another job secretively. As part of transparency, individuals can have candid and open conversations around playing in a band or "working on a project over the weekend", he explained.
"That is an open conversation that the organisation and the individual can make a concerted choice about, on whether that works for them or doesn't," he said.
The issue of 'moonlighting' has emerged as a big talking point after the Wipro chairman flagged the issue. Premji had taken to Twitter recently to highlight the issue saying: "There is a lot of chatter about people moonlighting in the tech industry. This is cheating - plain and simple."
The issue of moonlighting by tech professionals has ignited a fresh debate polarising opinions within the industry. Tech Mahindra CEO CP Gurnani tweeted recently that it is necessary to keep changing with the times and added "I welcome disruption in the ways we work".

Moonlighting gets real at Wipro, '300 staff working with rivals'

Days after tech giant Wipro warns its employees of moonlighting, Chairman Rishad Premji said the company has found its 300 employees worked with one of its competitors at the same time

The issue of moonlighting by tech professionals has ignited a fresh debate polarising opinions within the industry

Days after Indian IT giant Wipro warns its employees of moonlighting, Chairman Rishad Premji said the company had found its 300 employees worked with one of its competitors at the same time.
He further added that their employment had been terminated for "act of integrity violation".
The definition of moonlighting itself is about having another job secretively. As part of transparency, individuals can have candid and open conversations around playing in a band or "working on a project over the weekend", he explained.
"That is an open conversation that the organisation and the individual can make a concerted choice about, on whether that works for them or doesn't," he said.
The issue of 'moonlighting' has emerged as a big talking point after the Wipro chairman flagged the issue. Premji had taken to Twitter recently to highlight the issue saying: "There is a lot of chatter about people moonlighting in the tech industry. This is cheating - plain and simple."
The issue of moonlighting by tech professionals has ignited a fresh debate polarising opinions within the industry. Tech Mahindra CEO CP Gurnani tweeted recently that it is necessary to keep changing with the times and added "I welcome disruption in the ways we work".

moonlighting

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