calculate_presumptive_tax
Calculate presumptive income and tax payable for small businesses or professionals under Sections 44AD or 44ADA using gross receipts, digital receipt percentage, tax regime, age, and deductions.
Instructions
Calculate tax under presumptive scheme (Sections 44AD, 44ADA).
Use when computing tax for small businesses or professionals under presumptive taxation.
Args: scheme: "44AD" or "44ADA" gross_receipts: Total gross receipts digital_receipt_percent: % of receipts via digital mode regime: "new" or "old" age: Assessee age deductions_80c: Section 80C deductions (old regime)
Returns: Presumptive income and total tax payable.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| age | No | Assessee age | |
| regime | No | 'new' or 'old' tax regime | new |
| scheme | Yes | '44AD' for business or '44ADA' for professionals | |
| deductions_80c | No | Section 80C deductions (old regime) | |
| gross_receipts | Yes | Total gross receipts in INR | |
| digital_receipt_percent | No | Percentage via digital mode |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
No arguments | |||