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Min day rate (TJM)
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Min hourly rate
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Required gross revenue
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Net income (after tax)
About Freelance Rate Calculator
Minimum day rate = (desired net + expenses) รท (1 โ tax rate) รท billable days. Common mistakes: underestimating non-billable time (admin, prospecting, training), forgetting self-employment taxes and social charges, and not accounting for sick days and holidays. A good rule of thumb: freelance day rate โฅ 2ร your equivalent salaried daily rate.