Freelancer & Professional Tax PlannerFY 2026-27
GST registration threshold, Section 44ADA presumptive vs actual expenses, and quarterly advance tax on lumpy freelance income.
Quick Summary: Freelancer & Professional Tax Planner
An independent professional in India must register for GST once service turnover crosses ₹20 lakh (₹10 lakh in special-category states) — a turnover test, not an income one. Section 44ADA lets eligible professionals declare 50% of receipts as profit without maintaining books, which only saves tax when real expenses are BELOW 50% of receipts. Advance tax is then due in four instalments at 15%, 45%, 75% and 100% cumulative.
How to use the Freelancer & Professional Tax Planner
- 1
Enter gross receipts
Input your total professional receipts for the financial year.
- 2
Add real expenses
Enter business expenses you can substantiate — this decides whether 44ADA helps you.
- 3
Set supply type and state
Services and goods have different GST thresholds, and special-category states are half.
- 4
Review the quarters
See the four advance-tax instalments after crediting TDS your clients already deducted.
Related Calculators
Regulatory Disclaimer · FY 2026-27
Last verified May 2026
Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.
Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."
Consult a SEBI-registered IA or CA for personalised advice.
9 out of 10 traders in F&O incurred net losses (SEBI 2023). Tax estimates based on IT Act 2025. Trezoriq is not liable for financial decisions based on results.