Taxwizy

Presumptive Tax Calculator

Section 44AD for businesses, 44ADA for professionals — estimate your presumptive income and tax without maintaining full books of account.

Your business
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Taxed at 6%

₹

Taxed at 8%

Estimates only — not professional tax advice. Actual liability may vary based on your specific circumstances. Talk to a CA before filing.

Frequently asked questions

What's the turnover limit for Section 44AD?+

₹2 Cr normally, extended to ₹3 Cr if at least 95% of your receipts are digital/banking transactions (not cash).

What's the turnover limit for Section 44ADA?+

₹75L in gross receipts for professionals (doctors, lawyers, consultants, freelancers, etc.).

Do I still need to maintain books of account under presumptive taxation?+

No — that's the main benefit. You declare income at the presumptive rate and skip detailed bookkeeping and tax audit requirements, as long as you stay within the turnover limits.

Can I claim deductions like 80C on top of presumptive income?+

Yes. Presumptive income is your business income; you can still claim Chapter VI-A deductions (80C, 80D, etc.) against your total taxable income if you're on the old regime.