Freelancing gives freedom, but you become responsible for your own taxes — income tax, possibly GST, and advance tax. The rules can actually work in your favour with schemes like 44ADA.
This guide simplifies freelancer compliance.
Registrations you need
- GST registration if turnover crosses ₹20 lakh (₹10 lakh in special states) or for inter-state/export services
- Optional Udyam registration
Taxes and returns
- Income tax on net professional income; presumptive 44ADA (50% of receipts) may apply for eligible professionals
- Advance tax if liability exceeds ₹10,000
- GST on services once registered; LUT for export of services without tax
Practical tips
- Consider Section 44ADA to simplify taxes and avoid detailed books
- Pay advance tax to avoid interest under 234B/234C
- For foreign clients, file an LUT to export services without GST
Frequently asked questions
Do freelancers need GST registration?
Only if turnover crosses the threshold, or you provide inter-state or export services in taxable categories.
Can freelancers use presumptive taxation?
Eligible professionals can use Section 44ADA to declare 50% of gross receipts as income, within the turnover limit.