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Income Tax API

Income tax is a direct tax on income earned by individuals and companies in India. Use these APIs to calculate capital gains tax and extract data from tax documents. Generate profit & loss reports for tax compliance. Capital gains are taxed by holding period, asset class, and regime under the Income Tax Act, 1961. Tax rates differ for short-term and long-term gains depending on asset category.

Features

What you can do

Common use cases

Use the Income Tax API to:
  • Calculate capital gains tax for stock trading and portfolio platforms
  • Generate P&L reports for investment advisory services
  • Automate Form 16 extraction for HR and payroll systems
  • Process cryptocurrency tax filings
  • Estimate tax impact during transactions
  • Build compliance tools for wealth management

Frequently asked questions

Capital gains tax applies to profits from selling investments. Tax rates depend on holding period (short-term vs long-term) and asset type under the Income Tax Act, 1961.
The Calculator APIs handle domestic securities (equity, mutual funds, derivatives), foreign securities, and cryptocurrency. Holding periods are classified automatically.
Form 16 is a TDS (Tax Deducted at Source) certificate from employers showing salary and deductions. The OCR API extracts this data from PDFs.
Holding period determines the classification. Equity and equity mutual funds held over 12 months are long-term. Debt funds and cryptocurrency require 36 months. Tax rates vary by asset class under Income Tax regulations.
Yes, the Report APIs generate profit & loss reports for any date range, covering multiple financial years or specific tax periods.