Partner Remuneration Calculator ( Section 40(b) )
This tool will help you calculate the allowable Partner Remuneration for a given Book profit. The calculation is as per Section 40(b) of the Income-tax Act,1961. Provide the input of Book profit and the toll will calculate and show you the maximum Partner remuneration payable as per Section 40(b) of the Income-tax Act, 1961
Partner Remuneration Calculator (Section 40(b))
Formula for FY 2024-25 onwards:
• On the first ₹6,00,000 of book profit: ₹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: ₹3,00,000 or 90% of book profit, whichever is higher
• On the remaining balance of book profit: 60% of book profit
Book Profit: ₹0
Calculation Breakdown:
Maximum Allowable Partner Remuneration: ₹0
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.