Partner Remuneration 40(b) Reverse Calculator
Use this calculator to reverse calculate the Book profit required for a Particular Partner remuneration amount
Reverse Partner Remuneration Calculator
This calculator helps you determine what book profit is required to allow a specific partner remuneration amount under Section 40(b).
For FY 2024-25 onwards:
• On the first ₹6,00,000 of book profit or in case of a loss: ₹3,00,000 or 90% of book profit, whichever is higher
• On the remaining balance of book profit: 60% of book profit
• On the first ₹6,00,000 of book profit or in case of a loss: ₹3,00,000 or 90% of book profit, whichever is higher
• On the remaining balance of book profit: 60% of book profit
Important: Even in case of book loss, partners are entitled to a remuneration of up to ₹3,00,000 as per Section 40(b).
Calculation Result
Required Book Profit to Allow ₹0 Remuneration: 0
With this book profit:
Disclaimer: This calculator is provided for informational purposes only and does not constitute professional tax or financial advice. The results are based on the current understanding of Section 40(b) of the Income Tax Act. Users are advised to consult a qualified tax professional before making any decisions based on these calculations.