At a glance
- What it does
- Builds a partnership deed for 2 to 10 partners: firm name and business, capital, profit and loss ratio, partner salary and interest on capital (within section 40(b) limits), banking and dissolution clauses.
- Who it is for
- People starting a partnership firm, or a firm changing its partners or terms.
- Free or paid
- Paid. Filling in and the full preview cost nothing; you pay only when you download. The price is shown before you pay.
- What you get
- A ready-to-print PDF.
- Your data
- Your entries and files are read inside your browser and are not uploaded to our server. Only the payment goes through Razorpay.
- Limits
- Print on stamp paper as your state requires and get it signed and witnessed. For an LLP you need an LLP agreement instead, filed with MCA.
Features
- 2 to 10 partners with relation, age and address.
- Firm name, nature of business, place of business and start date.
- Capital contribution and profit and loss sharing ratio.
- Partner salary (remuneration) and interest on capital within section 40(b) limits.
- Banking, books of account, retirement, death and dissolution clauses.
- Space for stamp paper and signatures of all partners and witnesses.
How to use it
- Open the Format Reckoner on the Partnership Deed tab.
- Fill in the firm and business details, then add each partner.
- Set capital, sharing ratio, salary and interest. The deed updates as you type.
- Download the PDF, print it on stamp paper of your state's value, and sign with two witnesses.
Frequently asked questions
Is a partnership deed compulsory?
The Partnership Act does not force a written deed, but a bank account, PAN, GST registration and income tax deductions for partner salary and interest all need a written deed. So in practice every firm needs one.
How much stamp duty is payable on a partnership deed?
It depends on the state and the capital. In Delhi it is usually a fixed amount on e-stamp paper. Confirm the current rate on the state e-stamp site.
Can partner salary and interest be claimed in income tax?
Yes, if the deed authorises them. Interest on capital up to 12% a year and salary within the limits of section 40(b) are allowed as deductions for the firm.
Should I register the firm?
Registration with the Registrar of Firms is optional in most states but helps: an unregistered firm cannot sue a third party to enforce a contract. We can register it for you.
How much does it cost?
The preview is free. The price is shown when you download the PDF.
More tools
Related guides
Official sources
Rules on this page come from these official government sources. Check them for the latest position.
Want us to register the firm? We draft the deed, get the PAN and register the partnership firm or LLP for you.
Last updated: 7 November 2026. Published by S Jha Legal Sansar & Associates. Editorial policy · Disclaimer