•I run a small shop, business, or trade — Turnover up to ₹3 crore — 8% (or 6% for digital payments) of total sales is assumed to be your profit
•I'm a freelancer, consultant, doctor, lawyer, architect, or other professional — Gross receipts up to ₹75 lakh — 50% of receipts is assumed to be profit
•I have a business with accounts / complex operations — Regular accounting — you declare your actual profit after all expenses