For employees thinking about going freelance, and freelancers weighing a job offer. Compare a full year of each side by side, including PF, benefits, costs and tax, plus the hourly rate where freelancing breaks even.
Open a free ByteStore for 1:1 calls, courses and services, and keep the creator share of every sale.
You enter
CTC Rs 12,00,000 with Rs 80,000 employer PF and gratuity, Rs 72,000 own PF, Rs 25,000 benefits; freelance Rs 1,200 an hour, 100 hours a month, 10 months, Rs 90,000 costs, 44ADA
The tool shows
Job take-home Rs 10,48,000 (Rs 12,25,000 with PF and benefits) against freelance Rs 11,10,000; the job is ahead by Rs 1,15,000 and freelancing breaks even at about Rs 1,315 an hour
It can pay more per hour, but you lose PF, paid leave and insurance and may have months without work. Compare the total value of the job, not just the salary, as this calculator does.
No. The standard deduction is only for salary and pension. Freelance professionals can instead use section 44ADA, where only half of receipts is taxed.
The freelance hourly rate at which your yearly take-home equals the full value of the job, including employer PF and benefits.
Yes. It is free, needs no sign-up and runs entirely in your browser, so what you type is not uploaded. You only sign in if you want to email a result to yourself or save it to your CareerByteCode profile.
