Freelancer Tax Calculator

Freelance and consulting income is generally taxed as 'income from business or profession', which allows deduction of legitimate business expenses against gross receipts — unlike salary income, which has a different, more limited deduction structure.

Presumptive taxation schemes let eligible freelancers and professionals declare a fixed percentage of gross receipts as taxable income without maintaining detailed expense records, subject to eligibility criteria and turnover limits — check if your profession and turnover qualify.

Yes, ordinary and necessary business expenses incurred to earn your freelance income are generally deductible against gross receipts if you're not using the presumptive scheme.

Since freelance income typically doesn't have TDS covering the full tax liability, freelancers often need to estimate and pay advance tax in instalments — see the Advance Tax Calculator.

Freelancers and consultants whose turnover crosses the applicable GST registration threshold may need to register for and charge GST on their services — check current thresholds and rules for your situation.