Tax‑Saving for Freelancers: TDS, Advance Tax & Expense Claims

General information only; not financial or tax advice. Laws and lender policies change—verify specifics before acting.

Track receipts/invoices to avoid credit mismatches.

Freelancers face irregular income and TDS deductions by clients. Reconcile credits with AIS/26AS and plan advance tax to avoid interest.

Claim legitimate expenses, depreciation, and workspace costs as permitted.

• Use accounting software or a simple ledger to track inflows/outflows.
• Separate GST collections if applicable; file on time.
• Keep a contingency for tax even in lean months.