The F&O & Intraday Trading Tax Calculator works out your trading turnover (ICAI absolute-profit method), tells you whether a tax audit under Section 44AB is applicable, separates speculative (intraday) from non-speculative (F&O) income, shows how your losses can be set off and carried forward, and gives an indicative income-tax estimate for FY 2024-25, FY 2025-26 and FY 2026-27 (AY 2027-28).
How to use it: pick the year and regime, enter your F&O and intraday figures (either the summary totals from your broker tax P&L, or paste trade-wise values), add any salary or other income, and calculate. Related tools: Income Tax Calculator, Advance Tax Calculator, Tax Audit Applicability Checker (44AB), F and O Tax Audit Guide (AY 2026-27), Capital Gains Calculator.
1. F&O — Futures & Options Non-speculative
2. Intraday Equity Speculative
3. Other details
Frequently Asked Questions
How is F&O turnover calculated?
As per the ICAI Guidance Note (8th edition, 2022), trading turnover is the absolute profit — the sum of the absolute values of profit and loss on each trade. For squared-off options the premium is not added again because it is already in the profit/loss. This turnover is used only to test the audit thresholds; it is not your taxable income.
Is F&O speculative or non-speculative?
F&O on a recognised exchange is a non-speculative business under Section 43(5). Intraday equity (no delivery) is a speculative business. Both are taxed at slab rates.
When is a tax audit required for F&O?
A tax audit under Section 44AB applies when: (1) your trading turnover exceeds Rs 10 crore — the Rs 1 crore limit is raised to Rs 10 crore when at least 95% of receipts and payments are digital, which is normal for F&O; or (2) Section 44AD(4) is triggered, meaning you had opted into presumptive taxation under 44AD and, within the next 5 years, you declare income below the 6% presumptive rate (a lower profit or a loss) — then a tax audit under Section 44AB(e) is mandatory in that year if your total income exceeds the basic exemption limit, regardless of turnover or the profit declared. If you have never opted into 44AD and report your actual profit or loss under normal provisions, a loss or a below-6% year does not, by itself, require an audit.
How are trading losses set off and carried forward?
Intraday (speculative) loss can be set off only against speculative income and carried forward 4 years. F&O (non-speculative) loss can be set off against any head except salary and carried forward 8 years. Carry-forward needs the return filed by the due date under Section 139(1).
Can I use presumptive taxation (44AD) for F&O?
Yes, if turnover is within Rs 2 crore (Rs 3 crore when 95%+ is digital); declare at least 6% of digital turnover as income to stay audit-free. Speculative intraday business is usually kept outside 44AD.