How is PGBP Income Calcuated for Proprietorshop

Last updated at July 31, 2026 by

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Proprietor Pays Tax on Profit (Sales-Expenses) Sales 2000000 Purchase 1300000 Telephone 30000 20000 Electricity 50000 Total Exp 1400000 Profit 600000 Proper Accounting Required of these Income and Expenses (Not Possible for Small Business) Tax is Calculated on this Profit as per Slab Rate For these small Business Govt has launched Section 44AD/44ADA/44AE Schmes

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CA Maninder Singh is a Chartered Accountant with 16+ years of practical experience and 20+ years of teaching experience. At Teachoo, he simplifies Accounts, Tax and GST with step-by-step examples so students can apply concepts confidently in exams and real life.

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