Last Updated: June 2026 — FY 2025-26 (AY 2026-27)
Freelancers, consultants, and self-employed professionals have specific ITR filing requirements. The applicable form is generally ITR-3 or ITR-4 (Sugam) depending on whether you opt for presumptive taxation.
Which ITR Form for Freelancers?
| Form | Who Should Use | Key Condition |
|---|---|---|
| ITR-4 (Sugam) | Freelancers/consultants opting for presumptive taxation under Section 44ADA | Gross receipts up to Rs. 75 lakh; declare 50% as profit |
| ITR-3 | Freelancers with business income not opting for presumptive scheme | Maintain books of accounts; any income level |
Section 44ADA – Presumptive Taxation for Professionals
- Eligible professionals: Doctors, Lawyers, CAs, Architects, Engineers, IT/Tech consultants, etc.
- Declare 50% of gross receipts as profit — no need to maintain detailed books
- Gross receipts limit: Rs. 75 lakh (Rs. 37.5 lakh if receipts are in cash)
- No need to get accounts audited if you opt for 44ADA
Advance Tax for Freelancers
If your total tax liability exceeds Rs. 10,000, you must pay advance tax in instalments:
| Instalment | Due Date | Amount to Pay |
|---|---|---|
| 1st | 15 June 2025 | 15% of estimated tax |
| 2nd | 15 September 2025 | 45% of estimated tax |
| 3rd | 15 December 2025 | 75% of estimated tax |
| 4th | 15 March 2026 | 100% of estimated tax |
Key Deductions for Freelancers
- Business expenses — Internet, software, office space, equipment (if maintaining books)
- Section 80C — Up to Rs. 1.5 lakh (Old Regime)
- Section 80D — Health insurance premium
- NPS (80CCD1B) — Additional Rs. 50,000
Filing Deadline
- 31 July 2026 — For freelancers not requiring audit
- 31 October 2026 — If accounts need to be audited (receipts above Rs. 75 lakh)