Freelancer Tax

Calculate income tax for freelancers and self-employed professionals in India. Find net income after tax, advance tax obligations, and presumptive taxation under 44ADA.

Freelancer Tax Calculator

Calculate income tax for freelancers and self-employed professionals

Annual gross receipts Rs 30,00,000
Rs
Actual business expenses Rs 5,00,000
Rs
TDS already deducted Rs 3,00,000
Rs
Tax scheme
Tax regime New
Net income after tax
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annual
Total tax liability
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income tax + cess
Advance tax / refund
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after TDS credit
Gross receipts---
Taxable income---
Total tax (incl. cess)---
TDS already paid---
Balance tax payable / refund---

44ADA available for professionals with receipts <= Rs 75 lakh. File ITR-4. Consult a CA for accurate tax planning.

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ThriftRupee Insight

Freelancers have a powerful tax tool -- Section 44ADA (Presumptive Taxation). If gross receipts are below Rs 75 lakh, you can declare 50% of gross income as profit (no books required, no audit). The other 50% is deemed expenses. A freelancer earning Rs 30 lakh pays tax only on Rs 15 lakh -- saving Rs 4.5 lakh+ in taxes vs declaring full income with no expenses. Available to professionals: doctors, lawyers, engineers, architects, accountants, tech consultants.

Freelancer Tax Calculator India 2026

Calculate income tax for freelancers using Section 44ADA presumptive taxation or actual expenses. Find net income, advance tax payable, and TDS credit.

Frequently asked questions

What is Section 44ADA for freelancers?▼
Section 44ADA allows eligible professionals (consultants, doctors, lawyers, engineers, etc.) with gross receipts up to Rs 75 lakh to declare 50% of receipts as taxable income without maintaining books. No audit required. Example: Rs 40 lakh receipts -> Rs 20 lakh taxable income -> saves maintaining expense records. Cannot claim additional expenses but also no risk of expense disallowance during scrutiny.
Should a freelancer opt for new or old tax regime?▼
Depends on deductions available. Old regime benefits if: home loan interest > Rs 2 lakh, 80C investments Rs 1.5 lakh, HRA exemption available, NPS 80CCD. New regime (2024) is better if deductions are minimal -- the higher basic exemption (Rs 3 lakh) and rebate (Rs 7 lakh) make it attractive for freelancers with gross receipts Rs 10-20 lakh. Calculate both and choose lower tax.
What TDS rates apply to freelancers?▼
Clients deduct TDS under Section 194J: 10% for professional services (doctors, lawyers, consultants), 2% for technical services. TDS is deducted by companies/firms -- individuals (not in business) do not deduct TDS. Track all TDS via Form 26AS and AIS. File ITR-4 (Sugam) for 44ADA. Advance tax applies if total tax > Rs 10,000 after TDS credit.

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