Freelancer Income Calculator
Convert foreign income (USD/EUR) to INR and calculate tax implications
Current approximate rates: USD ₹83, EUR ₹90, GBP ₹105
Internet, software, office supplies, etc.
Varies by state, typically ₹2,500/month max
- Presumptive (44ADA): Declare 50% of gross receipts as income. No books required. Max ₹50L/year.
- Regular: Maintain books of accounts. Claim actual expenses. Better if expenses > 50%.
- File ITR-4 for presumptive or ITR-3 for regular taxation
- Pay advance tax quarterly if liability > ₹10,000
Quick answers
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