Tax year 2026-27 · Income-tax Act 2025

Freelancer Tax Calculator

Slide in your income, list your expenses, and see whether the presumptive scheme (Section 58, formerly 44ADA) or full books saves you more, under both tax regimes.

Income

Gross receiptsEverything clients paid you this year

₹

Other incomeBank interest, rent and similar

₹

95% or more came by bank transfer or UPIRaises the presumptive limit from ₹50 lakh to ₹75 lakh

Business expenses ₹0 / yr

Enter each item monthly or yearly; the yearly total adds up for you. For a laptop or phone, enter about 40% of its price per year as depreciation.

Deductions and TDS

PPF, ELSS, life insuranceOld 80C, old regime only

₹

Health insuranceOld 80D, old regime only

₹

Other deductionsNPS, home-loan interest and similar

₹

TDS already cut by clientsShown in your Form 168 (old 26AS) / AIS

₹

How this works

Presumptive scheme (Section 58, formerly 44ADA): 50% of gross receipts is treated as profit, with no detailed books needed. Open to resident individuals in specified professions (IT and software, engineering, design, consulting, legal, medical, accountancy and similar) with receipts up to ₹50 lakh, or ₹75 lakh if cash is no more than 5% of receipts.
Full books: tax on actual profit. A tax audit by a CA is compulsory if receipts are above ₹50 lakh, or if you declare profit below 50% of receipts with income above the basic exemption limit. Between ₹50 lakh and ₹75 lakh, the presumptive scheme (with 95%+ digital receipts) avoids that audit.
New regime: 0 / 5 / 10 / 15 / 20 / 25 / 30% with breaks at ₹4, 8, 12, 16, 20 and 24 lakh. Income up to ₹12 lakh is tax-free through the rebate, with marginal relief above it.
Old regime: 0 / 5 / 20 / 30% with breaks at ₹2.5, 5 and 10 lakh, a rebate up to ₹5 lakh, and deductions allowed.
4% cess applies in every case; surcharge applies above ₹50 lakh income. Advance tax is due only if the balance after TDS is ₹10,000 or more.

An estimate for resident individuals under 60, using rates confirmed in Budget 2026. It doesn't cover salary, capital gains or interest on late advance tax. Check your final return with a CA.