Freelance Rate to Earn 5 Lakh (500,000)/yr
What must you charge per billable hour to take home 5 Lakh (500,000) after taxes and business expenses? Find out now.
Financial Goals
Time Availability
Time actually spent working on client files versus marketing, admin, emails, etc. Standard is ~60%.
Target Take-Home Salaries
Why calculate a True Hourly Rate?
Freelancers often undercharge by calculating rates based on a standard 40-hour work week. This tool factors in the reality of unbillable administrative time, business expenses, and self-employment taxes to find your true required hourly rate.
Frequently Asked Questions
Why is my freelance rate so much higher than my W2 hourly rate?
When you are a W2 employee, your employer covers significant hidden costs: payroll taxes (7.65% FICA), health insurance, PTO, and retirement matching. As a freelancer, you pay all of these out of pocket. Your rate must be high enough to cover these real costs.
What percentage of my time will be non-billable as a freelancer?
On average, freelancers spend 20-40% of their working time on non-billable tasks: client acquisition, proposals, invoicing, accounting, professional development, and marketing. This means only 60-80% of your work hours are actually billable to clients.
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