Question: I'm a self-employed consultant with total gross receipts of about ₹65 lakh for the year, almost entirely received through bank transfers and digital payments. Can I opt for the simplified presumptive taxation scheme for professionals?
Answer: You can opt for the presumptive taxation scheme. The gross receipts threshold for professionals was raised to ₹75 lakh (from the earlier ₹50 lakh), provided at least 95% of receipts are through banking/digital channels - which appears to be your case. At ₹65 lakh, you remain within the enhanced threshold.

Supporting evidence:
title: incometaxindia.gov.in/section-44ada-7
quote: that in case of an assessee where the amount or aggregate of the amounts received during the previous year, in cash, does not exceed five per cent of the total gross receipts of such previous year, this sub-section shall have effect as if for the words "fifty lakh rupees", the words "seventy-five lakh rupees" had been substituted:
context: d fifty lakh rupees in a previous year, a sum equal to fifty per cent of the total gross receipts of the assessee in the previous year on account of such profession or, as the case may be, a sum higher than the aforesaid sum claimed to have been earned by the assessee, shall be deemed to be the profits and gains of such profession chargeable to tax under the head "Profits and gains of business or profession".
Following provisos shall be inserted after sub-section (1) of section 44ADA by the Finance Act, 2023, w.e.f. 1-4-2024:
Provided

that in case of an assessee where the amount or aggregate of the amounts received during the previous year, in cash, does not exceed five per cent of the total gross receipts of such previous year, this sub-section shall have effect as if for the words "fifty lakh rupees", the words "seventy-five lakh rupees" had been substituted:
Provided further
that for the purposes of the first proviso, the receipt of amount or aggregate of amounts by a cheque drawn on a bank or by a bank draft, which is not account payee, shall be deemed to be the receipt in cash.
(2) Any deduction allowable under the provisions of
sections 30
to
38
shall, for the purposes of sub-section (1), be deemed to have been already given full effect to and no further deduction under those sections shall be allowed.
(3) The written down value of any asset used for the purposes of profession shall be deemed to have been calculated as if the assessee had claimed and had been actually allowed the deduction in respect of the depreciation for each of the relevant assessment years.
(4) Notwithstanding anything contained in the foregoing provisions of this section, an assessee who claims that his profits and gains from the profession are lower than the profits and gains specified in sub-section (1) and whose total income exceeds the maximum amount which is not chargeable to income-tax, shall be required to keep and maintain such books of account and other documents as required under sub-section (1) of
section 44AA
and get them audited and furnish a report of such audit as required under
section 44AB
.
76.
Substituted for "in the case of an assessee, being a resident in India, who" by the Finance Act, 2021, w.e.f. 1-4-2021.
title: incometaxindia.gov.in/income_tax_act_2025_as_amended_by_fa_act_2026-pdf
quote: does not exceed seventy-five lakh rupees, where the amount or aggregate of amounts received in cash does not exceed 5% of the gross receipts
context: = Specified profession as referred to in section 62(4).. 3., Assessee.C = Specified assessee.. 3., Total turnover or, as the case may be, gross receipts of business or profession during tax year.D = ( a ) Does not exceed fifty lakh rupees; or ( b ) does not exceed seventy-five lakh rupees, where the amount or aggregate of amounts received in cash does not exceed 5% of the gross receipts.. 3., Manner of computation.E = 50% of the gross receipts or profit claimed to have been actually earned, whichever is higher.
(3) Any assessee mentioned in column C of the Table in sub-section (2), who claims that-
- ( a ) the profits or gains actually earned from the specified business or profession are lower than the profits or gains computed in the manner mentioned in column E of t