How is FTC calculated in India?

FTC is lower of: (1) Tax paid in the foreign country, or (2) Indian tax payable on that specific foreign income.

Is Form 67 mandatory for FTC?

Yes, filing Form 67 on the income tax portal is mandatory to claim Foreign Tax Credit in your Indian ITR.

Foreign Tax Credit (FTC)FY 2026-27

Estimate Indian FTC claimable under Section 90/90A DTAA for taxes already paid abroad.

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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.

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Regulatory Disclaimer · FY 2026-27

Last verified May 2026

Statutory Disclosure

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.