Income Taxes for Freelancers – A Guide To Calculate Tax Amount with Example

IT Return Filing

Mobile app developers (both freelance and full-time) are also liable to pay taxes on their total income from the following sources. For this article, we will take the example of Ankush, who is a freelance app developer to understand the income tax for freelancers.

Calculating Taxable Income

Income from Salaries: Developers who are also working full-time for an employer, are required to mention their annual salary and other similar earnings for the purpose of the tax. Let’s assume that Ankush’s last month salary Rs. 50,000 was deposited into his account before he left his full-time job. Read More