How to Use the Freelance Tax Estimator

This guide explains how to use the Tax Estimator to calculate your basic tax liability for freelance or gig income under ₹8 lakh.

Step-by-Step Instructions

1. Enter your Annual Income (total freelance/gig earnings).
2. Enter your Eligible Deductions (Section 80C, 80D, etc.).
3. Click Estimate Tax to see your taxable income and estimated tax liability.
4. Review the breakdown chart for income, deductions, and tax.

Formula Explanation

The estimator uses the basic Indian income tax slabs (old regime):

Deductions (like Section 80C) reduce your taxable income. The tool does not include cess/surcharge for simplicity.

Tips

• Keep records of all income and deductions.
• Consult a CA for advanced tax planning or GST registration.
• Use the estimator for quick checks, not official filing.