Presumptive Taxation Calculator (Section 44ADA)
Calculate tax under the presumptive taxation scheme for professionals. Under Section 44ADA, eligible professionals can declare 50% of gross receipts as income without maintaining detailed books of accounts.
44ADA Calculator
Section 44ADA Explained
Section 44ADA is a presumptive taxation scheme for professionals with turnover up to ₹75 lakhs (₹50 lakhs if less than 95% digital receipts).
Eligible Professionals
- Doctors, lawyers, engineers, architects
- Accountants, interior decorators
- Film artists, authorized representatives
- IT professionals, consultants
Under 44ADA:
Taxable Income = Gross Receipts × 50% (minimum)
No need to maintain books of accounts or get audit
Taxable Income = Gross Receipts × 50% (minimum)
No need to maintain books of accounts or get audit
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