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Who told you there is no tax up to 75L? That’s false. Up to 50L you pay tax of 50% of your income. Above 50L you need to have receipts if you want to avail the presumptive tax scheme under 44ADA
That 50 L limit has been raised to 75 L if I am not wrong. Regardless, the fact that I don't need to give much in taxes till 50 or 75 makes a crucial factor for being a retainer.