Income Tax Return Calculator - FY 2024-25
This resource is for educational purposes only and does not constitute legal advice.
Overall Trading Summary - FY 2024-25
| Category | Amount (₹) | Tax Nature |
|---|---|---|
| Long Term Capital Gain (LTCG) | 0.00 | Capital Gain |
| Short Term Capital Gain (STCG) | 33,076.21 | Capital Gain |
| Intraday Trading (Speculative) | -4.64 | Speculative Income |
| Futures Trading (Non-Speculative) | 0.00 | Business Income |
| Options Trading (Non-Speculative) | 10,132.90 | Business Income |
| Total Taxable P&L | 43,204.46 | Combined |
Long Term Capital Gain (LTCG) Calculation
What is LTCG?
Long Term Capital Gain is profit from selling equity shares or equity-oriented mutual funds held for more than 12 months.
Calculation Formula:
LTCG = Sell Value - Buy Value - Charges - STT - Cost of Acquisition
Your LTCG for FY 2024-25:
Total LTCG: ₹ 0.00
Tax Rate: 12.5% (for gains above ₹1,25,000 as per Finance Act 2024)
Exemption Limit: ₹1,25,000
Taxable LTCG: ₹ 0.00
Tax Liability: ₹ 0.00
Short Term Capital Gain (STCG) Calculation
What is STCG?
Short Term Capital Gain is profit from selling equity shares held for 12 months or less.
Calculation Formula:
STCG = Sell Value - Buy Value - Charges - STT
Your STCG for FY 2024-25:
| Description | Amount (₹) |
|---|---|
| Total Sell Value | 77,453.74 |
| Total Buy Value | 44,076.11 |
| Gross Profit | 33,377.63 |
| Less: Charges & Levies | 158.33 |
| Less: STT Paid | 143.09 |
| Net STCG | 33,076.21 |
Tax Rate: 20% (as per Finance Act 2024)
Tax Liability: ₹ 6,615.24
Futures Trading (Non-Speculative) Calculation
What is F&O Trading?
Futures Trading is treated as Non-Speculative Business Income under Income Tax Act.
Calculation Formula:
F&O Profit = Sell Value - Buy Value - Charges - STT
Turnover = Absolute Difference (|Sell Value - Buy Value|)
Your Futures Trading for FY 2024-25:
Total Futures P&L: ₹ 0.00
Futures Turnover: ₹ 0.00
Tax Treatment: Business Income (Non-Speculative)
Options Trading (Non-Speculative) Calculation
What is Options Trading?
Options Trading is treated as Non-Speculative Business Income. Premium paid/received is considered for P&L calculation.
Calculation Formula:
Options Profit = Sell Value - Buy Value - Charges - STT
Turnover = Absolute Difference (|Sell Value - Buy Value|)
Your Options Trading for FY 2024-25:
| Description | Amount (₹) |
|---|---|
| Total Premium Received (Sell) | 33,696.25 |
| Total Premium Paid (Buy) | 23,322.50 |
| Gross Profit | 10,373.75 |
| Less: Charges & Levies | 214.85 |
| Less: STT Paid | 26.00 |
| Net Options P&L | 10,132.90 |
Options Turnover: ₹ 12,273.75
Tax Treatment: Business Income (Non-Speculative) - Add to total income and tax as per slab
Intraday Trading (Speculative) Calculation
What is Intraday Trading?
Intraday Trading (buying and selling on the same day) is treated as Speculative Business Income.
Calculation Formula:
Intraday Profit = Sell Value - Buy Value - Charges
Your Intraday Trading for FY 2024-25:
| Description | Amount (₹) |
|---|---|
| Total Sell Value | 4,391.50 |
| Total Buy Value | 4,392.50 |
| Gross Loss | -1.00 |
| Less: Charges & Levies | 3.64 |
| Net Intraday Loss | -4.64 |
Tax Treatment: Speculative Business Loss - Can be set off only against speculative income
Carry Forward: Can be carried forward for 4 years if ITR filed on time