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ITR-4 Tax Calculator

If you intend to report less than 50% of gross receipts under Section 44ADA as income, you may need to have maintained books and carried out an audit by a competent CA.

Turnover exceeds ₹2 crore under Section 44AD. Not eligible for 44AD.

Turnover exceeds ₹50 lakh. Not eligible for 44ADA.

Income From Salary, Self-occupied property, and other income (but not from business/profession)

Gross Salary (₹):

Home Loan Interest on Self-occupied property (₹):

Income From Other Sources (₹):

Income from Business/Profession which is taxable under Sections 44AD, or 44ADA, or 44AE

Business Gross Turnover (Section 44AD) (₹): Business Gross Turnover (Section 44ADA) (₹): Please choose a percentage of Turnover under Section 44ADA you would like to report as income:

Percent Selected:

Select Type of Goods Vehicles
Light
Heavy

Number of Vehicles:

Number of Months Vehicles are owned:

Gross Weight of the vehicles in tonnes:

Deductions

Deductions under 80C (₹):

Deductions under 80D (₹):

Section 80TTA/ 80TTB (Savings Interest) (₹):

Selections

Tax Regime:

Age of the Taxpayer:

Calculations

ITR-1 calculator

Total Income (₹):

Taxable Income (₹):

Standard Deduction (₹):

Total Deduction (₹):

Taxable Income u/s 44AE/44ADA/44AD (₹):

Total Salary Income After Standard Deduction (₹):

Net Tax Payable (₹):

=Tax Payable (₹):

-Rebate (₹):

+Cess (₹):

Help

Who Should File ITR-4?

Applicable for Individuals, HUFs, and Firms (other than LLPs).
Eligible under presumptive taxation schemes:
- Section 44AD – Business (turnover ≤ ₹2 crore).
- Section 44ADA – Profession (gross receipts ≤ ₹50 lakh).
- Section 44AE – Goods carriage (up to 10 vehicles).
Can also report salary/pension, one house property, and other sources income.
Not applicable for companies, LLPs, capital gains, multiple house properties, foreign assets, etc.

Structure of Income in ITR-4

Income from Business/Profession (Presumptive).
Salary/Pension.
One House Property.
Other Sources (interest, deposits, etc.).
Less: Deductions under Chapter VI-A.
= Total Income → Tax as per slab rates.

Presumptive Taxation Rules

44AD – Business: 8% of turnover (cash), 6% (digital).
44ADA – Profession: 50%-100% of gross receipts. If you intend to report less than 50% of gross receipts under section 44ADA as income, you may need to have maintained books and carried out an audit by a competent CA.
44AE – Transporters: Fixed income per vehicle per month.

No detailed books of accounts required under presumptive taxation.

Other Income Heads

Salary/Pension: Report as per Form 16; claim standard deduction (₹75,000 AY 2025–26).
House Property: Only one property; deduction for interest on housing loan allowed.
Other Sources: Interest income (SB a/c, FD, post office). Excludes lottery, speculation, etc.

Deductions (Chapter VI-A)

80C: Investments/expenses up to ₹1.5 lakh.
80CCD(1B): NPS up to ₹50,000.
80D: Medical insurance (₹25,000 / ₹50,000 for senior citizens).
80TTA/80TTB: Savings interest deduction (₹10,000 / ₹50,000 for senior citizens).
80G: Donations to eligible institutions.

Compliance Points

No books required under presumptive scheme.
Advance tax: 100% due by 15th March.
Schedule AL required if income > ₹50 lakh.
Digital signature mandatory only if audit applies.

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