Applicable tax
This query is : Resolved
21 January 2019
Can anyone tell me the applicable tax rate or slab on freelancing income around 300,000 on which tds is deducted and assessee also has salary under 30% slab rate.
Nikhil Kaushik
(Expert)
21 January 2019
you may explore taxation under 44ADA if applicable (depending on your profession). This will give you a straight 50% deduction against the professional receipts. The remaining income will be taxable at slab rate. Given your slab, you will have to cough up additional tax over and above the tds credit
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