PRESUMPTIVE INCOME UNDER SECTION 44AD


This field is required





S.No.
Description
Gross turnover
Profit as per Sec.44AD @ 6 %
Actual profit as a % of turnover
Actual profit
1
Total turnover
Total presumptive income u/s 44AD Section 44AD of the Indian Income Tax Act provides for a presumptive taxation scheme for small businesses whose total turnover or gross receipts do not exceed Rs. 2 crore. Under this scheme, eligible taxpayers engaged in certain businesses can declare a percentage of their total gross receipts as income and pay tax on that income without maintaining regular books of accounts or undergoing a tax audit. The percentage varies depending on the nature of the business, and taxpayers cannot claim any deductions or allowances against their income. This scheme significantly reduces the compliance burden for small businesses.





Advisory: Information relates to the law prevailing in the year of publication/ as indicated. Viewers are advised to ascertain the correct position/prevailing law before relying upon any document.​

​​​ Disclaimer: The above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does not purport to give correct tax calculation in all circumstances. It is advised that for filing of returns the exact calculation may be made as per the provisions contained in the relevant Acts, Rules etc.