Tax calulation for freelance work

Hi CA Club members,

I have a very basic query related to tax submission. I have to work as a freelancer and get paid directly through the Account of UK based Pvt.Ltd. software company to my savings account in India and I am a resident of India.

I got few queries related to the above mentioned scenario:

1. Is is OK to get paid directly from an UK based Software Company to my Indian Savings Account?

2. If it's fine, how Can I pay Tax ? I got my PAN card.

Thanks in advance for all the responses from expert CAs available on this forum system.