WebAug 7, 2024 · You can claim the expenses which are directly related to tuitions. Some of them are listed as:- 1. Cost of stationary, 2. Advertisement cost for promoting your tuitions, 3. Printing or photocopies of notes, 4. Depreciation on furniture and other assets (tables, chairs, computer etc. purchased for tuition), 5. WebFeb 6, 2024 · When it comes to Income Tax for Freelancers, here’s how taxable income is calculated: [Net Taxable Income = Gross Taxable Income – Deductions] You’re liable to pay tax if your age is less than 60 years and your total taxable income is more than INR 2,50,000. Income Tax Calculator Calculate income tax liability for FY 2024-21.
How to File ITR for Freelancer - Groww
WebApr 1, 2024 · HOW TO FILE ITR for Freelancers, Content Creators, Small or Online Business Philippine Tax 101 Charm de Leon 215K subscribers Subscribe 59K views 1 year ago Entrepreneurship Filing … WebThe simple steps to file Income Tax returns for freelancers are as follows: Step 1: Go to the e-filing portal for Income Taxes. Step 2: ITR-4 is available for download under the 'Download' page. Step 3: Complete the ITR-4 form with all of your information. Fill in general information, gross total income, deductions, and taxable total income ... tplr honey farms
Filing ITR As A Freelancer? Know The Rules That Apply In India
WebIt contains Salary income as well as Income from professional fees under presumptive basis under Section 44ADA of the income tax Act. You do not have to give expenses list but you can straight away claim 50% of the total fees as expenses under Section 44ADA. Hence your net income will be Rs. 30000. For ITR -4 . there are two options for filing: WebOct 3, 2024 · Freelancing income is taxable under the head income under the head profits or gains from business or profession. So, you cannot file ITR -1, So, you have to file either … WebThe simple steps to file Income Tax returns for freelancers are as follows: Step 1: Go to the e-filing portal for Income Taxes. Step 2: ITR-4 is available for download under the … thermoskanne für melitta aroma fresh