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GST & tax

Freelancer Tax & Advance Tax Calculator

Tax on professional income under the presumptive scheme or actual expenses, with advance-tax dates.

AInputsExample numbers. Type over them.
₹
36 lakh
Profit isPresumptive: for specified professionals (Sec 44ADA under the 1961 Act)
₹
9 lakh
₹
40 thousand
₹
1.5 lakh
Regime
₹
3.6 lakh
BResultsClick a row to see its formula
B3fxSlab tax − rebate + surcharge + 4% cess
1Taxable profit₹27,00,000
2Taxable income₹27,40,000
3Tax (new regime)₹4,18,080
4Tax (old regime), for comparison₹6,13,080
5Still to pay after TDS₹58,080
6Refund due₹0
7Effective tax rate on receipts11.61%

Advance tax applies. Follow the four instalments below.

Advance tax schedule
ScenariosSaved in this browser only

How this calculator works

Freelancers and consultants pay tax on profit, not receipts. You can claim actual expenses, or, if eligible, declare 50% of receipts as profit under the presumptive scheme for professionals and skip detailed books.

This also shows how much is left after TDS and when advance tax instalments are due.

Formula

Profit (presumptive) = receipts × 50% Profit (actual) = receipts − expenses Taxable income = profit + other income (− deductions, old regime) Tax as per regime, then 4% cess Advance tax due if tax − TDS ≥ ₹10,000: normal: 15% by 15 Jun, 45% by 15 Sep, 75% by 15 Dec, 100% by 15 Mar presumptive: 100% by 15 March

Worked example

A consultant with ₹36 lakh receipts and ₹9 lakh of expenses has taxable income of ₹27.4 lakh. Tax under the new regime is ₹4,18,080. After ₹3.6 lakh of TDS, ₹58,080 is still due as advance tax in four instalments.

Things to watch

  • Presumptive profit is a floor for convenience, not a rule: if real profit is lower, keep books and claim it.
  • Check Form 26AS and AIS each quarter to make sure clients deposited the TDS they deducted.
  • Missing advance tax dates costs 1% a month in interest.

Questions

Who can use the presumptive scheme?

Resident professionals such as consultants, doctors, lawyers, architects and technical professionals, with receipts up to ₹75 lakh when cash receipts are 5% or less (₹50 lakh otherwise).

Do I need to pay advance tax if TDS is deducted?

Only if your tax after TDS is ₹10,000 or more for the year.

Which regime is better for freelancers?

Usually the new regime, unless you have large old-regime deductions. The calculator shows both.

Do I need GST registration?

Once your receipts cross ₹20 lakh a year, or earlier if you supply certain services or clients ask for it. Export of services needs a LUT to avoid paying GST.

For planning and education only, not tax, legal or investment advice. Last reviewed 2026-10-31.