Need help regarding income tax on freelance from foreign client (also looking to hire CA)

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.

Replies (1)
Hi Preethi, I can help you with your query, do you want to take this up with you offline? If you are interested you can drop me a message on my email niralicshah15 @ gmail.com and I will share my contact details with you there. Looking forward to speaking with you! Regards, CA Nirali Shah

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