Freelancer Tax Calculator (FY 2026-27)
For Indian freelancers, consultants, and self-employed professionals. Compares Presumptive 44ADA/44AD (declare 50%/8% of gross as profit, no books needed) vs Regular books (claim actual expenses). Picks the lower-tax option.
Methodology. 44ADA (professionals): If gross professional receipts ≤ ₹75L (raised in Budget 2024), declare 50% as profit, no books needed, simpler return. 44AD (businesses): If gross turnover ≤ ₹3Cr (Budget 2024 raised this for digital-payment-heavy businesses), declare 8% as deemed profit (6% if all receipts via digital). Regular books: claim actual expenses but maintain detailed accounts + face possible audit if turnover > ₹1Cr (₹10Cr digital). Tax calculated under both new and old regimes; this calculator picks the lower. Once you opt OUT of 44ADA, you must stay out for 5 years.