Article · 10 min read

Freelancing business in India 2026: presumptive tax and LUT exports

CalcGuru · calcguru.in Free Beginner India

A July 2026 guide for solo service sellers working for clients in India or abroad: nothing is mandatory beyond PAN and paying tax, GST is not forced below Rs 20 lakh even for foreign clients, and from 1 October 2026 a monthly export declaration through your bank replaces SOFTEX.

  • Foreign or out-of-state clients do not force GST registration below Rs 20 lakh.
  • IT freelancers can use the 50% presumptive scheme up to Rs 75 lakh of receipts.
  • Expect a monthly export declaration through your bank from October 2026.
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