01
Taxpayer & year
These drive your slab rates and surcharge cap - get this right first.
Used to find your slab, surcharge bracket and any unused basic exemption limit.
02
Add your trades
Check a single trade in seconds, or upload a full trade history and let FIFO matching work out the rest.
Methodology & professional-judgment notes
- Built for Tax Year 2026-27 (AY 2026-27 / FY 2025-26) on the rate structure introduced by the Finance (No. 2) Act, 2024 and continued into the Income-tax Act, 2025: STCG on equity (old Sec 111A, new Sec 196) at 20%, LTCG (old Sec 112A, new Sec 198) at 12.5% above a Rs. 1,25,000 annual exemption, both requiring STT to have been paid on the transaction.
- Trades are matched First-In-First-Out (FIFO) per stock, per the basis consistently accepted by Indian tax authorities for identical securities. Same-day buy-and-sell in the same stock is treated as speculative business income, not a capital gain, and is excluded from this computation and flagged separately.
- For shares acquired on or before 31 January 2018, the cost of acquisition follows the Section 112A grandfathering formula: the higher of actual cost, or the lower of (Fair Market Value as on 31 January 2018) and (sale price). Where FMV is not supplied, actual cost is used - this is a safe default but does not claim the grandfathering benefit those holdings may be entitled to.
- Rebate under Section 87A is applied only against tax on slab-rate income, and is not applied against LTCG taxed under Section 112A (new Sec 198) by express statutory bar.
- This tool supports, and does not substitute, professional judgment. Verify final positions against the Income-tax Act, 2025, the annual Finance Act, and current CBDT circulars before advising a client or filing a return.