Wizard Legal

Free business tool

Freelance Rate Calculator

Work backwards from the income you want, recurring costs, a planning reserve, and hours you can actually bill. Treat the result as a commercial starting point, then price the scope and contract terms for the engagement.

Set a freelance hourly-rate starting point

Work backwards from your monthly target, costs, reserve, and realistic billable time.

Monthly revenue target

₹1,50,000.00

Target before any engagement-specific tax treatment.

Hourly-rate starting point

₹1,730.77

Based on 52 weeks spread across 12 months.

The reserve is a planning percentage, not a tax calculation. It does not account for income tax, GST registration, unpaid time, client risk, scope changes, or the legal and commercial terms of an engagement.

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How to use this tool

  1. 1Enter your monthly income target and recurring business costs.
  2. 2Set aside a planning reserve for taxes, unpaid time, and delivery risk.
  3. 3Enter realistic weekly billable hours and use the calculated rate as a starting point for the scope you are pricing.

Frequently asked questions

Does the reserve calculate my income tax or GST?

No. It is a percentage you choose for planning. Your tax treatment, GST registration, deductions, and client billing obligations depend on your circumstances.

Should I quote the calculated hourly rate to every client?

Not automatically. Also consider the required scope, revisions, payment timing, risk, client value, and the written agreement before setting a final price.