IndiaZerodha

Zerodha F&O tax: export, turnover and what goes into your ITR-3

Console Tax P&L is the right starting point, but the turnover it shows is often not the ICAI figure your CA and audit thresholds use. Here is exactly what to export and how Aktai Tax turns it into the correct absolute-sum turnover for your return.

How to export your Tax P&L from Zerodha Console

Open Console

Go to console.zerodha.com and log in.

Go to Reports → Tax P&L

In the left menu, select Reports, then Tax P&L. Do not use the Tradebook — the Tax P&L lists realised profit and loss per scrip, which is what ICAI turnover needs.

Select the financial year

Choose the FY (e.g. 2024-25 for AY 2025-26). Include all segments you traded: F&O, equity intraday, equity delivery.

Download

Click Download. The CSV or Excel file is what Aktai Tax imports.

Upload to Aktai Tax

In the Aktai Tax app, go to Import and upload the Zerodha Tax P&L file. Aktai parses it, computes ICAI turnover, and adds it to your combined report.

Why Console turnover differs from ICAI turnover

Console may compute turnover on a method that includes option sell-side premium or uses a different aggregation basis. The ICAI absolute-sum method, which is the correct one for your audit threshold and ITR-3, is: add the absolute profit on winning trades to the absolute loss on losing trades. No premium add-back. Aktai Tax applies this method to the raw realised P/L from your Console export. See the detailed explanation in why your Zerodha turnover doesn't match your CA.

What Aktai Tax does with your Zerodha file

ICAI-correct turnover

Absolute-sum F&O turnover and separate intraday equity turnover, both the correct ICAI way.

Deductible expenses

Brokerage, STT, exchange charges, SEBI charges and GST captured from the export, so your net taxable figure is right.

Audit check

Whether 44AB or 44AD applies, with transparent reasoning including the 44AB(e) loss-year trap.

Old vs new regime comparison

Side-by-side tax estimate so you can see which regime costs less before filing.

Also trade on other brokers?

If you trade on Dhan, Upstox, Groww or Angel One alongside Zerodha, upload all their Tax P&L files too. Aktai combines everything into one correct turnover figure. See the multi-broker turnover page and the full list of supported brokers.

Frequently asked questions

Why is my Zerodha Console turnover higher than my CA number?

Console computes turnover on a different basis from the current ICAI absolute-sum method. Many older reports also added option sell-side premium, which inflates the figure. The ICAI 8th-edition Guidance Note (August 2022) removed the premium add-back. Aktai Tax uses the correct method, so the numbers often differ. The ICAI figure is the one the audit thresholds and your ITR-3 use.

Which file should I download from Console?

Always the Tax P&L file, not the Contract Notes, Tradebook, or Holdings. The Tax P&L shows realised profit and loss per scrip or settlement, which is the input for ICAI turnover. For the current FY, download after all settlements for the year are reflected, typically April or May after March expiry.

I trade on Zerodha and one other broker. How do I combine?

Upload the Tax P&L from each broker separately in Aktai Tax. Aktai aggregates all brokers into one combined ICAI turnover and a single tax-ready report. See the multi-broker page for the full picture.

Does Zerodha data include STT and other charges as deductions?

Yes. The Tax P&L export includes brokerage, STT, exchange charges, SEBI charges and GST per trade. Aktai Tax captures these as deductible expenses so your net taxable profit is correct.

Aktai Tax · for Indian F&O and equity traders

Know your trading tax position all year, not just in July.

Import your broker P&L, get ICAI-correct turnover across every broker, an honest audit-applicability check, an old-vs-new regime estimate, and advance-tax nudges. A clean, tax-ready report your CA can use. No bank linking, no e-filing access.

✦ ICAI absolute-sum turnover⚡ Advance-tax reminders🔒 No bank linking

Start free →Explore Aktai Tax →

Estimates for your reference, verify with a qualified CA. For Indian traders.

Aktai Tax produces estimates and computations for your reference, not tax advice. It does not file returns and has no access to your bank or the income-tax portal. Verify every figure with a qualified Chartered Accountant.