Freelancer & Professional 44ADA 50% Presumptive Tax Calculator

Calculate income tax for Indian freelancers, software consultants, doctors, lawyers, and designers under Section 44ADA (up to ₹75 Lakhs receipts). Assumes 50% deemed profit with no tax audit required and generates quarterly Advance Tax schedules.

Interactive Freelancer & Professional 44ADA 50% Presumptive Tax Calculator
Loading calculation engine directly in your browser...

Formula & Calculation Methodology

Section 44ADA Deemed Profit = 50% of Gross Receipts. Tax computed under New Tax Regime slabs.

Step-by-Step Worked Example

Gross Receipts: ₹18,00,000 / year (Freelance Software Consultant)

  1. 50% Deemed Taxable Profit: ₹9,00,000 (No expense bills needed)
  2. Tax on ₹9,00,000 under New Tax Regime: ~₹40,000
  3. Advance Tax 15% (15 June): ₹6,000 | 45% (15 Sep): ₹18,000 | 75% (15 Dec): ₹30,000 | 100% (15 Mar): ₹40,000
Result: Taxable Income: ₹9.0 Lakhs | Total Tax: ~₹40,000 | Zero Audit Needed

Frequently Asked Questions

Who is eligible for Section 44ADA presumptive taxation?

Professionals engaged in IT/Software, engineering, architecture, legal, medical, accountancy, interior decoration, and technical consultancy with annual gross receipts up to ₹75 Lakhs (provided online receipts are >= 95%).

Related Tools & Calculators

Salary CalculatorGST CalculatorCrypto to INR & 30% Tax Calculator