44ADA tax and advance tax
Sample: Kabir, 29, software developer in Pune. Clients in the USA, UK, Germany and India.
Taxed on ₹15 lakh, not ₹30 lakh
Half your receipts count as income, no books needed. Pay the tax once, by 15 March.
- Receipts in the year₹30,00,000
- 50% counts as income₹15,00,000
- Total income₹15,18,000
- Tax with cess₹1,12,010
- Already cut as TDS₹30,000
- Left to pay₹82,010
Advance tax
- By 15 Mar 2027₹82,010
Miss it and interest of about ₹4,100 is added (Sec 424, 425, old 234B, 234C).