The Presumptive Taxation System (PTS) offers a simplified approach to income tax filing, allowing small businesses and professionals to save time and effort. By adopting this scheme, individuals can estimate their income based on a predetermined percentage of their turnover or receipts, eliminating the need for maintaining detailed books of account. This article explores the concept of presumptive taxation, its benefits, eligibility criteria, and the process of registering for income tax returns under this scheme.