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I have experience of teaching as a tutor, but I never taught online. Now I do not have much time to go to student's home; those are far from my residence. I have laptop and internet available almost all the time. What else (software and hardware) do I need for online tutoring?

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M.com.

Skype, teamviewer
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msc in physics from andhra university

Use any writing tablet to write and share the screen using Skype.
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Having 4 years of rich experience in teaching all the subjects specially mathematics

Teamviwer is better option
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Physics Tutor For IIT and Medical entrance

With the help of Skype .
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Expert in SAP Successfactors, SAP HCM and the basics of Knowledge

Get a account on Skype and add people there.
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You need to have confidence .. thats the most important part .. You can check this to increase your confidence it will help you ..
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First thing you need to expertise in the subject you are about to teach, then download the software whiteboard with voice chat, teamviewer or Skype.
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Trainer

Install skype in your computer use ppt file in slide show share your screen via skype and stat tutoring.
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Trainer of SAS, SPSS, R & MS-Excel.

You will need a interface to teach students. For example there is a software called Gotomeeting, or you can use Teamviewer Pro version also.
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Certified Excel Expert with 6 years of Professional Experience in BFSI

You don't require any other software but if you are teaching software through online then keep teamviewer which will help you to access your as well your student computer from which you can make him understand how particular software you are teaching and how it works.
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