Hey,
I am currently working as a full time freelancer Software Engineer and my only client is in Europe. Initially it started small. But now I am getting an average monthly payment of 5 Lakh (which might be around 60 Lakh per year). I don't have any other source of income.
Although it seems like a constant income, I am still not an employee and it is a freelance contract. I may be asked to go home anytime.
Considering all this, how should I go about by income tax savings ?
So far I have have only 1 lakh / year in LIC and no other investments.
If there are any CAs here, Can you please tell me an approximate figure of how much I can save in tax ?
(I know it depends on where I invest etc, but I just need an approximate figure of how much tax I can save If I hire a CA)
Also my company takes care of CA fees, so CA fees are not an issue. But I am looking to hire a CA who can get me maximum tax savings.
CAclubindia
