ITR-4 summary
Sample: Kabir, 29, software developer in Pune. Clients in the USA, UK, Germany and India.
ITR-4 ready: ₹30,000 TDS claimed, nil due
What goes into ITR-4 under the presumptive scheme, and what is left to pay.
ITR-4New regimeFY 2026-27
Schedule BP: profession, Sec 58 (old 44ADA)
| Gross receipts by bank and UPI | ₹30,00,000 |
| Gross receipts in cash | ₹0 |
| Presumptive income at 50% | ₹15,00,000 |
Income from other sources
| Savings interest | ₹18,000 |
Tax
| Total income | ₹15,18,000 |
| Tax at slab rates | ₹1,07,700 |
| Cess 4% | ₹4,308 |
| Tax for the year | ₹1,12,010 |
| TDS (Form 26AS) | (₹30,000) |
| Advance tax paid by 15 March | (₹82,010) |
Nothing left to pay₹0