Futures turnover calculator.
Futures turnover is commonly overstated when traders use full lot value or margin. For tax-audit purposes, futures turnover is based on differences, not exposure.
How to calculate
Method- Use the realised favourable and unfavourable differences from closed futures trades.
- Add absolute profit and absolute loss components according to the derivatives turnover method.
- Exclude brokerage and statutory charges from turnover; treat them as expenses.
- Aggregate futures with options and other derivative segments before applying s.44AB.
Inputs to collect
Before you startFutures realised profit
Use broker reports, ledgers, contract notes, or invoices as support.
Futures realised loss
Use broker reports, ledgers, contract notes, or invoices as support.
Broker tax P&L
Use broker reports, ledgers, contract notes, or invoices as support.
Segment-wise futures reports
Use broker reports, ledgers, contract notes, or invoices as support.
Common mistakes
Avoid theseDo not use margin
Margin blocked is a risk-control number, not income-tax turnover.
Do not use lot value
Contract notional value can be huge and is not the tax-audit turnover figure.
Keep segment reports
NSE, BSE, currency, and commodity futures may be split across broker exports.
Frequently asked questions
- Is futures turnover full contract value?
- No. Use favourable and unfavourable differences, not notional contract value.
- Are futures profits business income?
- Yes. Exchange-traded futures are generally non-speculative business income.
- Do futures losses require audit?
- A loss alone does not trigger audit. Apply the s.44AB turnover and 44AD-history tests.
Run the live checker.
This page explains the method. The linked tool performs the working.
Open F&O turnover calculatorKnow the source logic.
FnOTax pages separate official-source rules from broker-report assumptions.
How we verify