If your freelance income is less than Rs 50 Lakhs in a year, you can now pay Presumptive Tax. You can file it under the “Business and Profession” head. You calculate the Presumptive Tax at a rate of 8%, of presumptive income. In that case, an income of Rs 50 Lakhs, you will pay a Presumptive Tax of 4 Lakhs.
Just like any other individual who earns income has to pay tax, freelancers are also required to pay tax and file income tax returns as per the IT Act
Freelancing can feel like an uphill battle when you first start. Nobody knows who you are, what you do, or if they can trust you. To break through, you’ll need to dust off your sales and marketing skills and search for someone to give you a chance.
What people don’t like about Freelancer. Many people mentioned having trouble with scam projects from clients. Other people reported problems with the verification process, either because the website did not accept their documents or shut down their projects in the middle of their work without paying them.
To stop fraud Freelancer Do not provide any form of ID or documentation to a client even if they are asking for it. Scammers are oftentimes successful when they have asked to “verify” an identity and are given access to ID and other documents
While ZipRecruiter is seeing annual salaries as high as $158,000 and as low as $15,000, the majority of Freelance salaries currently range between $41,500 (25th percentile) to $80,000 (75th percentile) with top earners (90th percentile) making $119,000 annually across the United States. kk
Here are a few simple steps you, as a freelancer, can take with each job to make sure you cover all your bases legally:
ALWAYS HAVE A CONTRACT. …
CHECK YOUR EMPLOYMENT CONTRACT. …
KNOW YOUR RIGHTS TO YOUR INTELLECTUAL PROPERTY. …
CONSIDER FORMING A BUSINESS ENTITY
Have you ever worked with a freelancer before?”
“What type of project do you need me to complete?”
“What goals are you looking to achieve with this project?”
“What is the scope of your project?”
“By when do you need this project completed?”
As a freelancer you have to stay connected with your clients almost all the time.
Don’t check emails too often.
Don’t spend time on social networks unless it benefits your business.
Don’t promise something you can’t accomplish.
Don’t go into a week/month/year without a plan.
Don’t forgo marketing when times are good
The 5 rules of successful freelancing
Rule one: Track your work hours. …
Rule two: Work regular hours. …
Rule three: Learn the art of negotiation. …
Rule four: Be a leader, not a follower. …
Rule five: Customer service is number one
The 10 best and highest paying freelance jobs 2022
Web designer or web developer. Every business needs a website, and good web designers are in high demand. …
Graphic designer. …
Virtual assistant. …
Freelance writer. …
Accountant/financial consultant. …
Social media specialist.
Here are some of the best freelance skills to learn (or dust off) to stay employable now and in the future:
Low code development.
Voice user interface design.
Digital currency development.
Web design and development
The average website maintenance costs vary from around $5–$5,000/month or $60-$60,000/year. Maintaining exceptionally large and popular websites like Amazon or Netflix costs even more. The website’s platform, features, and services are among the many factors that contribute to your overall maintenance cost.
Reasonably skilled freelance web designers make about $75 per hour. This figure can vary though, according to CSS-Tricks. Website Builder Expert estimates that the cost to design a website is $30 to $80 per hour and the cost to develop it is $100 to $180 per hour.