As a freelance developer, my income crossed the GST threshold, and I was lost. I didn't know how to register or what an HSN code was. The team handled my entire GST registration online, gave me a compliant invoice template, and now files my returns every quarter. It's a huge weight off my shoulders, and I can claim ITC on my software subscriptions, which I never knew was possible.
I was struggling to decide between the regular tax method and the presumptive scheme. The team did a simple analysis and showed me that with my low expenses, Section 44ADA was a no-brainer. I now pay tax on just 50% of my income, and I don't have to keep a shoebox full of receipts. The time I've saved is invaluable.
As a freelancer, every rupee saved on tax goes directly into your pocket. But income tax laws can be confusing. We demystify the process, providing clear, strategic advice and handling all the filing, so you can be confident you’re paying your fair share and not a rupee more.
Feature | Presumptive Scheme (Sec 44ADA) | Regular Tax Scheme |
Taxable Income | 50% of Gross Receipts is your income, regardless of actual expenses. | Gross Receipts minus Actual Allowable Business Expenses. |
Bookkeeping | Not required to maintain detailed books of accounts. | Mandatory to maintain detailed books and records of all expenses. |
Best For | Freelancers with low actual expenses (less than 50% of receipts) who value simplicity. | Freelancers with high actual expenses (more than 50% of receipts) who can benefit from claiming higher deductions. |
Section 44ADA allows freelancers and professionals to declare 50% of gross receipts as taxable income, regardless of actual expenses. It simplifies compliance and reduces the need for detailed bookkeeping.
If your actual expenses are low (under 50% of receipts), the presumptive scheme is easier and often tax-efficient. If your expenses are high, the regular scheme usually results in lower taxable income. We help you decide based on real numbers.
Yes, if your tax liability exceeds ₹10,000 in a year, you must pay advance tax quarterly. We calculate and remind you of due dates to avoid penalties.
Absolutely, under the regular scheme you can claim a proportion of rent, electricity, internet, and maintenance costs for your home office setup.
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