Payment of self assessment tax and interest u/s 234B & C

Sec. 44AB(a) specifies the limit upto 10 Crs. only if both payments & receipts are below 5%.

If any or both are above 5 % the limit reduces to 1 Cr.

In above case when total turnover is  around 3.15 Crs. & if cash expenses are above 5%, than tax audit will apply.

If turnover of any business is up to 1 cr., whatever be percentage of expenses or receipts, tax audit not applicable.....

Subject to applicability of sec. 44AD(4) & (5) of the act......

Tax liability of over income earned not over turn over........

These data are only to clarify your doubts over 5%.