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According to section 44AE of the Income Tax Act, these businesses are eligible if they have engaged in hiring, leasing, or operating fewer than 10 goods and vehicles in a year. Those businesses are qualified for presumptive taxation.
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If any person is a part of the business related to leasing, hiring goods, and plying those businesses are eligible for the presumptive taxation under section 44AE.
If you have to pay lower tax than INR 4,500 for every vehicle every month, you can refrain from following the presumptive taxation scheme.
To calculate your presumptive income under section 44AE: