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Calculator · Direct tax

Loss set-off and carry forward planner

This tool plans the set-off of losses against income under the same head and other heads, and the carry forward of the balance to later years. It is used by individuals, firms and companies with losses. You need to enter the income and loss under each head for the year and the losses brought forward, and the result shows the loss set off, the loss carried forward and the year in which it expires.

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How to use this calculator

  1. Enter the income and loss under each head for the year and the losses brought forward.
  2. Choose the type of loss to match your situation.
  3. Read the loss set off, the loss carried forward and the year in which it expires in the result.

Return must be filed in time to carry forward most losses; check the time limit for each loss.

The result is an estimate for the figures you enter. It is not a filed return, a certificate or professional advice. Rates, thresholds and section numbers change with each Finance Act, and the Income-tax Act, 2025 applies from 1 April 2026 with new section and form numbers.

For the related work, see Income tax return (ITR) filing.

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Sources

Last reviewed: . General information only. Check the official source or speak to a Chartered Accountant before acting on a result.

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