Sample inputs
Sample working view
Gross Invoiced₹2,400,000.00
Total Tax Liability₹83,200.00
Client TDS Credit₹240,000.00
Safe Monthly Take-Home₹163,900.00
4 sample rows
| Statutory Quarter | Cumulative % | Tax Due | Client TDS Credit | Net Cash Reserve Needed | Cumulative Tax Paid |
|---|---|---|---|---|---|
| Q1 (15 June) | 15% | ₹12,480.00 | ₹36,000.00 | ₹0.00 | ₹12,480.00 |
| Q2 (15 September) | 30% | ₹24,960.00 | ₹72,000.00 | ₹0.00 | ₹37,440.00 |
| Q3 (15 December) | 30% | ₹24,960.00 | ₹72,000.00 | ₹0.00 | ₹62,400.00 |
| Q4 (15 March) | 25% | ₹20,800.00 | ₹60,000.00 | ₹0.00 | ₹83,200.00 |
Read the sample report
FREELANCE & PROFESSIONAL TAX FORECAST Tax Regime Selected: Presumptive Taxation (50% statutory net profit margin) Working Gross Invoiced: ₹2,400,000.00 | Tracked Expenses: ₹350,000.00 Tax & Reserve Computations: - Deemed Taxable Income: ₹1,200,000.00 - Projected Annual Income Tax (incl. 4% Cess): ₹83,200.00 - Client TDS Deductions Available as Credit: ₹240,000.00 (10% withholding) - Net Balance Advance Tax to Government: ₹0.00 - Safe Monthly Take-Home Draw: ₹163,900.00 / month (₹1,966,800.00 annually after expenses and tax). Advance Tax Compliance Alert: Failure to remit quarterly advance tax installments by statutory dates attracts interest penalties (Sections 234B/234C). Deposit net quarterly reserves into a separate tax holding account.
This is a financial forecasting model, not formal legal or tax counsel. Consult a chartered accountant for final tax filings.