Tax Audit is applicable u/s 44AB to individual taxpayers in case of income from Business/Profession.

The tax audit applicability for AY21-22 is: 


Income from Business

TurnoverProfit >= 6%Profit < 6% (Including Loss)Cash Payments > 5%Cash Receipts > 5%
Upto 25 LakhsNot ApplicableApplicableNot ApplicableNot Applicable
25 Lakhs to 1 CrNot ApplicableApplicableNot ApplicableNot Applicable
1 Cr to 2 CrNot ApplicableApplicableApplicableApplicable
2 Cr to 10 CrNot ApplicableNot ApplicableApplicableApplicable
Above 10 CrApplicableApplicableApplicableApplicable


Income from Profession

TurnoverProfit >= 50%Profit < 50% (Including Loss)
Below 1.5 LakhsNot ApplicableApplicable
1.5 Lakhs to 50 LakhsNot ApplicableApplicable
Above 50 LakhsApplicableApplicable


Read more about Tax Audit of Trading Income