Presumptive Tax Calculator
Tax on deemed profit for small businesses and professionals under s.44AD and s.44ADA, with the single 15 March advance-tax instalment
On ₹30 lakh of receipts, the presumptive profit is ₹15 lakh, and the year's tax is ₹1,09,200 under the new regime or ₹2,73,000 under the old.
Tax for the year, new regime
₹1,09,200
- Old regime
- ₹2,73,000
- Presumptive profit
- ₹15,00,000
- Deemed rate on turnover
- 50.0%
- Advance tax still due by 15 March
- ₹1,09,200
Cess included. Which regime is lower depends on your deductions; this is arithmetic, not a recommendation.
Presumptive profit
- Gross receipts
- ₹30,00,000
- Cash share
- 0.0%
- Limit that applies
- ₹75,00,000
- Deemed profit (50% of gross receipts)
- ₹15,00,000
- Taxed as business income
- ₹15,00,000
New regime
- Gross total income
- ₹15,00,000
- Taxable income
- ₹15,00,000
- Tax on slabs
- ₹1,05,000
- Cess
- ₹4,200
- Tax for the year
- ₹1,09,200
- Less TDS
- −₹0
- Advance tax due by 15 March
- ₹1,09,200
- Interest if the shortfall is unpaid on 15 March (s.234C)
- ₹1,092
- Then, each month from 1 April until paid (s.234B)
- ₹1,092
Old regime
- Gross total income
- ₹15,00,000
- Taxable income
- ₹15,00,000
- Tax on slabs
- ₹2,62,500
- Cess
- ₹10,500
- Tax for the year
- ₹2,73,000
- Less TDS
- −₹0
- Advance tax due by 15 March
- ₹2,73,000
- Interest if the shortfall is unpaid on 15 March (s.234C)
- ₹2,730
- Then, each month from 1 April until paid (s.234B)
- ₹2,730
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How this is calculated
Formula
Profit = 50% × gross receipts
With your numbers
- 1Presumptive profit50% × receipts50% × ₹30,00,000 = ₹15,00,000
- 2Taxable income, new regimeprofit + salary − standard deduction (capped at salary) + other income₹15,00,000
- 3Tax, new regimeslabs → rebate → surcharge → cess₹1,09,200
- 4Advance taxwhole year’s tax − TDS, in one instalment by 15 March₹1,09,200
- Business (s.44AD; s.58 of the Income-tax Act, 2025): resident individuals, HUFs and partnership firms other than LLPs, with turnover up to ₹2,00,00,000, or ₹3,00,00,000 when cash is within 5%. Commission, brokerage and agency business are excluded.
- Profession (s.44ADA): residents in a profession listed in s.44AA(1), such as legal, medical, engineering, architecture, accountancy and technical consultancy, with receipts up to ₹50,00,000, or ₹75,00,000 when cash is within 5%.
- No expense, depreciation or allowance is deducted from presumptive profit. A business that opts out after opting in cannot return to the scheme for 5 years.
- Interest under s.234C is 1% of the shortfall for one month; under s.234B, 1% a month from 1 April, if less than 90% was paid by 31 March. Both run on amounts rounded down to the hundred rupees.
Frequently Asked Questions
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