Business income includes profits from trade, profession, or business activities. Tax is calculated on net profit after deducting all business expenses, depreciation, and other allowances. Proper accounting and documentation are crucial for accurate tax filing and claiming all eligible deductions.
Calculate net profit after deducting all business expenses, depreciation, and allowances.
Claim deductions for rent, salaries, utilities, travel, and all business-related expenses.
Claim depreciation on assets like machinery, vehicles, furniture, and equipment.
Enter your business turnover to know the exact filing fee
Enter business turnover above to calculate your filing fee