For freelance professionals who opt for presumptive taxation. Enter your receipts, cash share and other income to see tax under both regimes, the limit check and what to pay by 15 March after TDS.
Open a free ByteStore for 1:1 calls, courses and services, and keep the creator share of every sale.
You enter
Receipts Rs 18,00,000, no cash, 50 percent declared, Rs 20,000 other income, Rs 1,50,000 old regime deductions, TDS Rs 1,80,000
The tool shows
Presumptive income Rs 9,00,000; tax Rs 0 in the new regime and Rs 69,160 in the old, so the new regime saves Rs 69,160 and the Rs 1,80,000 TDS comes back as a refund
Resident professionals in specified fields such as IT, engineering, technical consultancy, design, legal, medical and accountancy, with receipts up to Rs 50 lakh, or Rs 75 lakh when cash receipts are 5 percent or less.
No. The standard deduction is only for salary. Under 44ADA, 50 percent of receipts is treated as income instead, and no expense details are needed.
You can pay all of it in one instalment by 15 March of the financial year. TDS already deducted by clients counts towards it.
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.
