Clubbing of Income CheckerFY 2026-27
Identify tax leakages from family income clubbing under Section 64 for minor children and spouse asset transfers.
Quick Summary: Clubbing of Income Checker
Section 64 of the Income Tax Act prevents tax-splitting by 'clubbing' income from assets gifted to minor children or spouses back into the giver's income. In FY 2026-27, income earned by a minor child is clubbed with the higher-earning parent, unless the child has a disability or earns via their own specialized skill.
How to use the Clubbing of Income Checker
- 1
Select Relationship
Specify if the income is earned by your Minor Child or Spouse.
- 2
Select Source of Asset
Indicate if the income comes from an asset you gifted without adequate consideration.
- 3
Check Exceptions
Input if the individual has a disability or earned via manual labor/specialized skill.
- 4
Calculate Impact
See how much this adds to your final taxable income.
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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.