F&O Turnover Calculator for ITR

From AY 2026-27, ITR-3 requires F&O turnover and income to be disclosed separately — a return without them can be treated as defective. Upload your broker tradebook CSV and get the numbers your ITR (and your CA) needs: ICAI-method turnover, realized futures/options P&L, and the Section 44AB audit check.

Drop your tradebook CSV here, or click to chooseZerodha Console tradebook · Upstox trade report · most broker CSVs with standard headersProcessed in your browser — the file never leaves your device

Zerodha: Console → Reports → Tradebook → F&O segment → CSV. Upstox: Account → Reports → Trade report.

How F&O turnover is calculated

For tax purposes, F&O trading is business income, and “turnover” is not your traded value — it is derived from your profits and losses. Two methods are in use:

Revised ICAI method (Guidance Note, 2022): turnover is the sum of the absolute values of realized profit or loss per contract. A +₹50,000 profit and a −₹30,000 loss add up to ₹80,000 of turnover. This is what most CAs and tax platforms use today.
Classic method (pre-2022 practice): the same absolute profit/loss, plusthe premium received on options you sold. Some CAs still prefer it. Both numbers are shown above — the method choice is your CA's call, not ours.

When is a tax audit required (Section 44AB)?

With fully digital transactions (all F&O is), the audit threshold is ₹10 crore of turnover. Below that, an audit can still apply in specific situations — for example, declaring losses after having opted into presumptive taxation. The calculator flags the turnover test; the exceptions are a conversation with your CA.

What changed for AY 2026-27

The revised ITR-3 introduces dedicated columns for F&O turnover and income. Leaving them blank when you have F&O activity can make the return defective. Non-audit filers' due date is 31 August 2026; audit cases follow later. Business codes: 21010 for F&O trading, 21009 for intraday speculation.

How to export your tradebook

Zerodha: Console → Reports → Tradebook → select the F&O segment and the financial year → download CSV.
Upstox: Account → Reports → Trade report → F&O → CSV.
Other brokers: any CSV with symbol, buy/sell, quantity and price columns usually parses.

Your tradebook is parsed locally in your browser and never uploaded or stored. This tool provides calculations for information only and is not tax, investment, or legal advice — verify the numbers with a chartered accountant before filing.