💰
📊
💼
📈
Total
₹0
Monthly
Active
0
streams
Top source
—
earner
Diversity
Low
score
Income Wallet
Track & grow streams
Track · Diversify · Grow
Income Wallet – Know what you earn
Adjust sliders for each income source, see real-time charts, and get personalised insights to diversify and boost your earnings.
✔ 100% Free✔ No Login✔ India-First✔ Real Charts
💰 Total
—
🔄 Active
—
🥇 Top
—
🎯 Diversity
—
Income Score
79/100
Good Diversifier
You have a healthy mix of income streams.
Income SourcesAdd, remove, slide to adjust
Income Distribution
Our income story: Meera & Raj
Income best practices
- ✅ Diversify: Aim for 3–5 income streams. You have 4 active.
- ✅ Largest source: Salary – keep it below 60% of total for safety.
- ✅ Passive income: Your passive (rent, interest, dividends) is ₹0 – aim for 10‑20% of total.
- ✅ Growth rate: Increase total income by 10‑15% yearly. Your current total is ₹0.
- ✅ Tax efficiency: Freelance and business income can be optimised with proper planning.
- ✅ Emergency buffer: 3‑6 months of expenses = 3‑6× your total income? Use with Expense Wallet.
- ✅ Review monthly: Adjust sliders as your income changes – awareness is the first step.
- ✅ Diversity score: High – Great!
- ✅ Top source %: 42% – within safe range.
- ✅ Next goal: Add one more stream to reduce dependency on your top source.
Frequently asked questions
income streamsfreelance taxpassive incomesalary deductionsrental income
💰 Income Basics
How many income streams should I have? +
Financial experts suggest aiming for 3–5 distinct income sources. This reduces dependency on any single stream and increases stability. Use this wallet to track your current streams – the diversity score updates in real time.
What’s a good monthly income target? +
It depends on your lifestyle and goals. A common benchmark is to aim for 2–3× your essential expenses. Use the Expenses Wallet to calculate your baseline.
How do I track irregular freelance income? +
Add a “Freelance” slider and set an average monthly estimate. You can adjust it each month based on actuals. For variable income, consider using the Savings Sprint Simulator.
📊 Tax & Planning
How is freelance income taxed in India? +
Freelance income is taxed as business income under “Profits and Gains”. Use the Old vs New Tax Simulator to compare regimes.
Can I claim deductions on my salary? +
Yes, under Section 80C, 80D, HRA, and more. The Tax Simulator helps you estimate your taxable income.
What is the tax on rental income? +
Rental income is added to your total income and taxed as per slab. You can claim 30% standard deduction plus municipal taxes.
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