Freelancer & Business Tax Calculator

Section 44ADA covers professionals (doctors, lawyers, engineers, architects, accountants, etc.) with gross receipts up to ₹75 lakh (if 95%+ digital) or ₹50 lakh. 50% of gross receipts is deemed profit. No books required. ITR-4 to be filed.

If you opt out of presumptive taxation or exceed the turnover limit, you must maintain books under Section 44AA. Tax audit under 44AB is required if turnover exceeds ₹1 Cr (₹10 Cr with 95%+ digital) or if profits declared are less than the presumptive rate.

Under presumptive taxation, no separate expenses can be claimed — 50% (44ADA) or 92-94% (44AD) is already deemed as expenses. If actual expenses are higher, opt out of presumptive scheme and maintain books. Then you can claim rent, internet, equipment, travel etc., but tax audit may be needed.