Presumptive Tax Calculator
Sections 44AD, 44ADA and 44AE, with the 6% digital rate applied properly.
Choose the scheme and enter turnover. The 6% rate on digital receipts is applied separately from the 8% cash rate, which is where most calculators go wrong.
Two rates under 44AD
Receipts through banking channels are presumed at 6%; cash receipts at 8%. A business that collects almost everything digitally is taxed on a quarter less presumed income than one that does not. The split is per receipt, not an either-or election.
The five-year lock
Opting out of 44AD after opting in bars you from the scheme for the next five assessment years, and brings audit obligations with it. The choice deserves more thought than it usually gets.
Nothing further is deductible
The presumed rate is deemed to be after every expense and after depreciation. You cannot claim rent, salaries or interest on top of it. Depreciation is deemed to have been allowed, so the written down value still reduces each year for a future sale.
Advance tax
One instalment, due 15 March. Missing it attracts 234C on the whole amount.