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If you wish to be part of the Money Matters series, please fill up this form: https://forms.gle/Tmbo2nUTnhn9vjpG7 If you are a freelancer and are confused and overwhelmed with regard to how to pay your taxes, this video is exactly for you! We will walk through the depths of how you can calculate taxes on your income, when you need to get your books of accounts audited, TDS calculation, and also which ITR you must file. This video comes with notes. Check them out here: https://bit.ly/3hrtjgb Check out my former video on calculating taxes on your income here: https://bit.ly/3UzcYVa Subscribe to my all new Shorts channel, warikoo Shorts, and learn personal finance and career tips in less than 60 seconds! https://t.co/pMdPNe4Quf 00:00 Introduction 00:50 Yearly Income 01:40 Accrual Method and Cash Based method 03:30 Costs and Expenses in freelancing 04:50 Net Profit 06:00 Section 44ADA for Freelancers 09:38 TDS (Tax Deducted at Source) 11:45 Advance tax 12:50 ITR 4 for Freelancers 13:00 Conclusion #freelancing #incometax #warikoo ------------------------------------------------------------------------------------------------------------------------------- My Money Apps: https://bit.ly/3Zg56eR My bestselling books: ‘GET EPIC SHIT DONE’: https://ankurwarikoo.com/getepicshitdone ‘Do Epic Shit’: https://ankurwarikoo.com/doepicshit My gear for shooting this video: 🎥 Sony a7III camera: https://bit.ly/3M42wAV 🎬 Sony FE 24-70 f2.8 Lens: https://bit.ly/3KCCiF0 🎙 Shure SM7B Microphone: https://bit.ly/3O1NAVA 🔆 Fill Light 60W: https://bit.ly/37aJolP 💡 Key Light 150W: https://bit.ly/3O9nyjs 📽 Benro IT15 Tripod for Sony a7III camera: https://bit.ly/3O4PvJ1 Useful links: 20 books for your 20s: https://bit.ly/WarikooBooks 20 online courses for your 20s: https://bit.ly/WarikooOnlineCourses Gadgets that I use: https://bit.ly/WarikooGadgets The above links are on Amazon. If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L and in 2022 we contributed 53L. Let’s connect online: 🎙 My weekly podcast Woice with warikoo (Spotify): https://open.spotify.com/show/1g7wpoq... 📩 My weekly newsletter warikoo Wanderings: https://ankurwarikoo.com/newsletter/ 📱 Instagram: / ankurwarikoo 🐦 Twitter: / warikoo 👨🏻💻 LinkedIn: / warikoo 😄 Facebook: / awarikoo 🖋 Daily Blog: https://ankurwarikoo.com/blog/