Freelancer Tax

Hi Members,

I have filed my ITR for FY 2020-2021.

Since 1 September 2021 I am working as a freelancer. Prior to that I was working full time at one company.

I am interested in paying Advance tax (Presumptive tax ) under section 44ADA.

1. From April 2021 to August 2021 I had a full time job. Which ITR should I choose ?

2. Can someone guide what are the dates for paying Advance tax ?

3. Am i eligible for paying advance tax under Section 44ADA ?

4. Consider an example lets say i have gross receipts of 1.5 LPA per month starting from September 2021 to March 2022. How much tax should i need to pay ?

Replies (1)

1) you may use itr4 if you opt for 44ada

2) advance tax to be paid by 15th March 2022

3) Yes, if you have taxable income

4) consider 50% of professional income, add salary and other income if any and compute tax. You may use tax calculator on the IT portal to compute tax payable.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details