Individual income tax slabs apply directly on business profits. Simplest structure with no separate legal entity. New tax regime (Section 115BAC) is the default from FY 2023-24.
Taxes & National Insurance ₹6,161
Income Tax (New Regime)New Tax Regime (default) FY 2025-26 brackets with 4% Health & Education Cess baked into each rate (rate × 1.04). Self-employed do NOT get the standard deduction. Section 87A rebate gives full tax relief if income ≤ ₹12,00,000 (not modeled). Surcharge of 10-25% applies above ₹50 lakh (not modeled for simplicity).
₹6,1614.6%
Optimization:
Approaching VAT registration threshold
Your revenue is approaching the VAT threshold of ₹2,000,000. Consider the impact of mandatory VAT registration.