Free samples for freelancer

Sample

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.

  1. Receipts in the year₹30,00,000
  2. 50% counts as income₹15,00,000
  3. Total income₹15,18,000
  4. Tax with cess₹1,12,010
  5. Already cut as TDS₹30,000
  6. 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).