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About this tool
Work out 50% presumptive income under section 44ADA, test the Rs 75 lakh cash-receipts condition and see the tax due.
Section 44ADA lets an eligible professional declare half of gross receipts as taxable profit and skip formal books of account, and this calculator applies that 50% rate along with the receipts ceiling and the cash-receipts test that decides which ceiling you get. The limit is Rs 50,00,000, or Rs 75,00,000 where cash receipts stay within 5% of total receipts, a proviso inserted by the Finance Act 2023. It also prices the tax under the new or old regime and flags when declaring a lower profit would trigger a section 44AB audit.
Open Presumptive Tax 44ADA Calculator on AltFTool — it loads instantly in your browser.
Enter the values you already know.
Fine-tune the options to match your scenario.
Read the result and use it in your planning or reporting.
Computes the cash share and tells you which of the two limits your year falls under.
Prices the same presumptive income under the default and old regimes, including the section 87A rebate.
Flags section 44AB(d) when profit below 50% is declared and income exceeds the exemption limit.
Gross receipts must not exceed Rs 50,00,000, which rises to Rs 75,00,000 if cash receipts during the year are 5% or less of total gross receipts. Receipts by cheque or draft that are not account payee count as cash for that 5% test.
A resident individual or a resident partnership firm carrying on a profession listed in section 44AA(1) — legal, medical, engineering, architectural, accountancy, technical consultancy, interior decoration, and notified professions such as company secretary, film artist, authorised representative and information technology. An LLP or a company cannot use it.
Yes, but section 44ADA(4) then requires you to maintain books under section 44AA and get them audited under section 44AB(d), and only where your total income exceeds the basic exemption limit. If the audit fee outweighs the tax saved, declaring the 50% figure is usually simpler.
Section 211(1)(b) allows a presumptive assessee to pay the entire advance tax liability in one instalment by 15 March of the financial year, instead of the usual four instalments. Advance tax applies only once the liability reaches Rs 10,000 under section 208.
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