### **Category:** Income Tax / Capital Gains
### **Post Body:** Hi Everyone,
I am filing my ITR for FY 2025-26 under the **New Tax Regime** by importing my integrated broker ledger from Angel One. I have carefully parsed my transaction-level values, but the Quicko dashboard is showing a significantly higher tax due than my mathematical calculation.
I would like to get insights from the CAs and the Quicko product team on whether this is an issue with the basic exemption limit slider or a platform logic glitch.
My verified income profile for the year is:
* **Taxable Salary Income:** ₹4,50,228
* **Income from Other Sources (Dividends):** ₹2,434
* **Net STCG (u/s 111A):** ₹2,08,514 *(₹3.84L Profits offset by Realized Losses of ₹1.75L)*
* **Net LTCG (u/s 112A):** ₹2,36,941 *(₹2.75L Profits offset by Realized Losses of ₹38k)*
* **Gross Total Income:** ₹8,98,117
**The Mathematical Computation vs. Quicko’s Dashboard:**
Since my Gross Total Income is under the updated ₹12 Lakh threshold for this financial year, my base slab tax (Salary + Dividends) should be completely covered by the Section 87A rebate. The capital gains taxes are computed below:
* **STCG Tax (20% of ₹2,08,514):** ₹41,703
* **LTCG Tax (12.5% of ₹1,11,941 after ₹1.25L exemption):** ₹13,993
* **Health & Education Cess (4%):** ₹2,228
* **Total Statutory Pure Tax Payable:** **₹57,924**
However, **Quicko’s final computation is displaying a total liability of ₹72,800** (excluding interest penalties), leaving an unexplained discrepancy of **~₹10,489**.
**My Questions for the Quicko Team and Community Experts:**
1. **Can I get any Section 87A tax rebate on my LTCG and STCG?** I want to know if the Section 87A rebate can be legally claimed against the tax liabilities of Short-Term Capital Gains (Section 111A) or Long-Term Capital Gains (Section 112A). Given that the Finance Act has updated the rebate landscape for this financial year, how is Quicko’s utility currently treating special-rate incomes against the rebate slider? Is it completely blocking the rebate on both categories, or is it allowing it up to a certain threshold for STCG?
2. **Is the Basic Exemption Limit being adjusted improperly?** Since my regular slab income (₹4,52,662) is very low, is the platform failing to shift the unexhausted portion of my basic exemption limit to cushion my short-term capital gains, thereby taxing the STCG at a flat 20% from the very first rupee?
3. **Loss Offset Verification:** Can the team confirm if the platform utilizes Schedule CYLA perfectly for intra-year equity losses? Does Quicko map transaction-level losses dynamically to compute the true net totals, or is there an active bug when aggregating the offsets from Angel One summaries?
I would appreciate it if the Quicko technical team could look at my log to see why there is an extra ~₹10.4k being added to the final tax due.
Thanks in advance!