Hey @Tausif,
As correctly mentioned by @Rohit_Katre, you need to report the freelancing income as income from profession and file ITR-3. You can also opt for the presumptive taxation scheme if the income is below ₹50 lakhs.
Hope this helps!
Income tax for freelancers and professionals is calculated based on total income earned from services after deducting eligible expenses like rent, internet, travel, and office costs. Maintaining proper records of income and expenses is important for accurate filing. Freelancers can choose between the old and new tax regimes depending on benefits. Advance tax payments may be required if income crosses the limit. Filing returns on time helps avoid penalties and builds financial credibility. Consulting a tax professional can help in proper planning, saving tax, and ensuring compliance with current rules and regulations.