Income tax liability

If the assessee has opted for Presumptive Taxation Scheme ( PTS ) u/s 44AD of the Income Tax Act 1961, then his Business Income will be = 8% of the Gross Receipts or where the consideration is received through A/c Payee Cheque/DD/ECS etc ; then it will be 6% of that Gross Receipts.

So first of all segregate your turnover into two categories : 1). How much of the turnover you have received in cash/bearer cheque and 2). How much through ECS/Account Payer Cheque/DD. Then calculate accordingly.

Regards.