Practice Drills: Calculating Tax Under Presumptive Taxation Schemes

A practice-first companion to Understanding Presumptive Taxation for Freelancers and Small Businesses. You already know what the presumptive schemes for professionals, small businesses and goods carriage owners are; this course makes you run the numbers. Each drill starts from a realistic Indian taxpayer's receipts, bank statement split and fleet register, checks eligibility first, computes presumptive income at the right rate, then carries it all the way through other income, the old and new regimes, rebate, cess and advance tax to a final payable figure. You will test the turnover and receipts limits at their edges, work the five-year lock-in, handle vehicles bought and sold mid-year, and decide when declaring above the presumptive floor or keeping regular books makes more sense. The course closes with two end-to-end capstones. Built for freelancers, small business owners and anyone filing with income from several sources. Educational content only, not tax advice; confirm figures for your own tax year with a chartered accountant.