Free P&L Template (India, Schedule III)
A statement of profit and loss in the Schedule III format of the Companies Act 2013, with revenue from operations, other income, the prescribed expense heads and tax expense.
What's Included
- Revenue from operations and other income
- Prescribed expense heads including employee benefits and finance costs
- Exceptional items, tax expense and profit for the period
- Earnings per share and comparative prior-period column
Prefer not to fill this in by hand? Create and send these straight from your books with financial reporting software.
How to Use
Customize
Add your business details, logo, and adjust line items to match your services.
Send
Email, WhatsApp, or SMS your invoice directly to your client with payment tracking.
Get Paid
Clients pay online via Stripe or Razorpay. HelloBooks tracks everything automatically.
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Start FreeFrequently Asked Questions
What is Schedule III format?
Schedule III of the Companies Act 2013 prescribes the presentation of the balance sheet and statement of profit and loss for Indian companies, including the order of line items, the required expense heads and comparative figures. Filing in a different layout is not an option for a company within its scope.
Does a sole proprietor in India need Schedule III format?
No. Schedule III applies to companies registered under the Companies Act. Proprietorships and partnerships prepare accounts to support their income tax return and any audit requirement, and may use a simpler layout — though the Schedule III structure is still a sound model to follow.
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