Quick Summary: Foreign Tax Credit (FTC)

Foreign Tax Credit (FTC) prevents double taxation in FY 2026-27 by allowing you to deduct foreign taxes paid from your Indian tax liability. Filing Form 67 before the ITR deadline is mandatory to claim this benefit under DTAA Section 90.

How to use the Foreign Tax Credit (FTC)

  1. Input Global Income

    Enter the amount of income earned outside India that is also taxable in India.

  2. Enter Foreign Tax Paid

    Input the actual tax paid to the foreign government on that income.

  3. Calculate Indian Tax

    Find the tax payable on that same income at Indian slab rates.

  4. Find Claimable FTC

    Determine the lower of foreign tax vs Indian tax as per Section 90 rules.

Related Calculators

Regulatory Disclaimer · FY 2026-27

Last verified May 2026

Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.

Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."

Consult a SEBI-registered IA or CA for personalised advice.

9 out of 10 traders in F&O incurred net losses (SEBI 2023). Tax estimates based on IT Act 2025. Trezoriq is not liable for financial decisions based on results.