A presumptive taxpayer under section 58/legacy 44AD generally pays the entire advance-tax liability by 15 March instead of quarterly instalments.
A presumptive taxpayer under section 58/legacy 44AD generally pays the entire advance-tax liability by 15 March instead of quarterly instalments. Paying after the deadline can trigger interest even when paid before the year ends.
Advance tax applies when estimated tax payable reaches the statutory threshold. Presumptive taxpayers receive the single-instalment concession, not an exemption.
Estimate presumptive profit and other income; compute tax and credits; pay 100% by 15 March; update for late-year income and reconcile challans.
Estimated tax after TDS is ₹1.2 lakh. Paying ₹1.2 lakh on 25 March may still create instalment interest because the special due date was 15 March.
The example is an illustration, not a substitute for the taxpayer's facts. A change in status, period, payment mode, document, city, asset, relationship or scheme can change the result.
Search pages often state a rate or limit without identifying the governing base. The calculation must distinguish gross receipt from taxable profit, tax from TDS, a deduction from an exemption, salary from business income, and an accounting entry from the tax treatment.
| Decision point | Required treatment |
|---|---|
| Legal year | Use the Act, rules and notification effective for the income or transaction period |
| Taxpayer category | Confirm residence, age, entity, employee/business status and regime |
| Calculation base | Use the statutory definition rather than CTC, net bank receipt or accounting label |
| Ceiling or rate | Apply actual-amount, percentage, shared, lifetime and gross-income limits in sequence |
| Documentation | Link every input to an invoice, statement, contract, certificate or official record |
| Final output | Show tax, surcharge, cess, interest and TDS/TCS credits separately |
This page is written around the entities and concepts search engines expect for the topic: section 58, 44AD, presumptive income, 6%, 8%, cash receipts. They are used only where relevant and are connected to the live calculator and knowledge hub rather than repeated mechanically.
For the complete rules on this topic, see the core guide: Presumptive Taxation (44AD/44ADA) Under Income-tax Act 2025.
See the broader Income-tax Act 2025 study guide hub for related rules and calculators on this topic.
A presumptive taxpayer under section 58/legacy 44AD generally pays the entire advance-tax liability by 15 March instead of quarterly instalments. Paying after the deadline can trigger interest even when paid before the year ends.
Finin2min rule: establish eligibility, calculate transparently, and preserve an audit trail.
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