Presumptive Business Calculator
Presumptive taxation simplifies tax filing for small businesses and professionals. Under Sections 44AD, 44ADA, and 44AE, taxpayers can declare income at a fixed percentage without maintaining detailed records.
Presumptive Business Income
44AD
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44ADA
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44AE
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*Applicable surcharge and 4% cess payable on the amount of tax.
Total Presumptive Business Income
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*Applicable surcharge and 4% cess payable on the amount of tax.
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Presumptive Business Calculator
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Presumptive taxation simplifies tax filing for small businesses and professionals. Under Sections 44AD, 44ADA, and 44AE, taxpayers can declare income at a fixed percentage without maintaining detailed records.
Presumptive Taxation Calculator: Simplify Your Tax Calculation
Presumptive taxation simplifies tax filing for small businesses and professionals. Under Sections 44AD, 44ADA, and 44AE, taxpayers can declare income at a fixed percentage without maintaining detailed records.
Who can make use of the Presumptive Calculator?
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Small Business Owners_ Section 44AD
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Specified professionals _ Section 44ADA
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Transporters Section 44AE
Who Can Use Presumptive Taxation?
• Section 44AD: Small businesses with a turnover up to Rs. 2 crore (if cash receipts are more than 5% of total receipts) or Rs. 3 crore (if cash receipts are up to 5% of total receipts) can declare 8% of turnover (6% for digital receipts) as income.
• Section 44ADA: Specified professionals such as lawyers, doctors, engineers, accountants, architects, interior designers, and technical consultants with gross receipts up to Rs. 50 lakh (if cash receipts are more than 5% of total receipts) or Rs. 75 lakh (if cash receipts are up to 5% of total receipts) can declare 50% of receipts as income.
• Section 44AE: Transporters owning up to 10 vehicles can declare fixed income per vehicle per month.
Why Use a Presumptive Taxation Calculator?
Calculating taxable income manually can be tricky. Our Presumptive Taxation Calculator helps you:
• Save time by automating calculations.
• Avoid errors in tax computation.
• Plan taxes better by estimating liabilities instantly.
How to Use the Calculator?
• Enter total turnover or receipts.
• Select the applicable Section (44AD, 44ADA, or 44AE).
• Provide details like digital and cash receipts or number of vehicles.
• Get instant results showing taxable income and estimated tax liability.
Illustration
Example 1 (44AD): A trader with a turnover of Rs. 50 lakh opts for presumptive taxation. His taxable income:
• Digital receipts: Rs. 30 lakh → 6% = Rs. 1.8 lakh.
• Cash receipts: Rs. 20 lakh → 8% = Rs. 1.6 lakh.
• Total taxable income: Rs. 3.4 lakh.
• Example 2 (44ADA): A freelance consultant earns Rs. 40 lakh. Under 44ADA, taxable income = 50% of Rs. 40 lakh = Rs. 20 lakh.
Conclusion
Presumptive taxation reduces compliance burdens. Use our Presumptive Taxation Calculator to simplify your tax calculations and plan better!
