SENSEX
NIFTY
GOLD
USD/INR

Weather

image 35    C

Business News

Livemint

Business / Livemint

details

Can a salaried person use presumptive tax for 1 lakh freelance income?

Whether you can opt for presumptive taxation under section 44ADA of the Act depends on the nature of your freelance income. If your freelance work qualifies as a specified profession you may opt for the presumptive taxation scheme, as gross receipts of 1 lakh are within the prescribed thresholds.

27 Jul 2026 4:05 pm