The rate a freelancer has to charge to reach a target income, once unbillable time, expenses and tax are counted. It usually lands far above the equivalent salaried hourly rate, and it should.
Also called: contractor rate calculator, consulting rate.
₹1,913 an hour, or ₹15,304 a day. That covers 15,00,000 of take-home, 2,00,000 of costs and ₹5,00,000 of tax across 1,150 billable hours.
An estimate, not an offer or a guarantee. Projected returns assume the rate you entered holds for the whole term, which no market does.
This is what the calculation gives for the numbers you entered. It is an estimate, not advice, and it knows nothing about your situation beyond those numbers. Rules for India change on a published schedule; the effective date is shown on every rule-based tool.
Work backwards from what you want to keep. Gross it up for tax, add business expenses, and divide by the hours you can actually bill. Twenty-five billable hours in a forty-hour week is realistic once selling, admin and delivery gaps are counted, so the divisor is much smaller than a salaried year. That is why a freelance rate double the salaried equivalent is often merely break-even.
rate = (income grossed up for tax, plus expenses) / billable hoursEach of these is asserted on every build. If a change to the engine ever moved one of these answers, the build would fail before the page could print it.
Rate to charge₹1,913
15,00,000 / 0.75 + 2,00,000, over 1,150 hours
Open this exampleRate to charge₹1,196
boundary: the divisor is the whole lever
Open this exampleFormula version 1.0.0 · definition 1.0.0 · India · Report a problem with this calculator