Introducing Quicko

A super important part of trading is filing income tax returns (ITR), irrespective of whether you’re profitable or have made losses. Through the Markets and Taxation module on Varsity, we have not only explained all aspects of taxation, but also answered thousands of queries. It was obvious that just education isn’t enough, but we need to find a way to help all our customers file their ITR with ease.

With this in mind, we have partnered with Quicko, an online tax filing platform via our Rainmatter initiative. Below is a post from the Quicko team introducing themselves.


Quicko is an online tax planning and filing platform. We are a team of designers, programmers, accountants & content creators on a mission to simplify taxes for all.

We believe taxes are a summary of your financial year. You may have started a new job, changed a job in search of adventure, bought the perfect house for your family, invested in a long-term financial goal, or traded capital markets. We help you claim tax deductions for important life events, optimize your income so you pay less in taxes, pay taxes on time to avoid penalties, and when the due date comes, we help you file your tax returns with the utmost ease.

We have created a Form-16 App for salaried individuals to file Income Tax Return in 3 easy steps. Salaried individuals can simply upload their Form 16, review, and file income tax return within 5 minutes.

Upload your Form 16, review, and file taxes

All our tech is built to make your tax filing experience easy and accurate.

  • Our “Tax Breaks Engine” optimizes deductions from over 50 Income Tax sections, saving you thousands in taxes.
  • We calculate taxable salary, house property, capital gains, and other incomes with ~100% accuracy, eliminating arithmetic errors.
  • The “Rules Engine” validates your Income Tax return against more than 421 rules prescribed by the IT Department and reduces chances of you receiving an IT notice.

Our simple, conversational interface is why more than 50K taxpayers have chosen Quicko to file their tax returns already! It is simpler, faster, and cheaper than going to a traditional tax professional.

We also help traders determine the right ITR form, the applicability of tax audit, due dates, and calculation of turnover as per the Income Tax act. We have set up zerodha.quicko.com for Zerodha traders trading Equity, Intraday, F&O, and Commodities.

Taxation for traders

We have also set up learn.quicko.com to inform & educate taxpayers on important tax matters such as Income Tax Forms, Due Dates, Penalties & Refunds. We are India’s “Most Viewed Authors” on Quora with more than 1000 answers & 5 million views.

We’re always available to answer your questions

We are available on Trading Q&A to answer any queries you may have on taxes. Our New Year’s resolution for 2020 is to bring webinars & courses on your favourite Zerodha channels. Stay tuned!

Check out this short video to know more about the platform: https://youtu.be/Ddi-4okR6wY

Nithin Kamath

CEO @ Zerodha and partnering startups through Rainmatter to help grow and improve the capital market ecosystem in India. Love playing poker, basketball, and guitar. @Nithin0dha on Twitter.

72 comments

  1. Rahul says:

    This is a great initiative from Zerodha! Much appreciated. Way to go!!

  2. SUMAN ACHARJYA says:

    Thanks

    • Gaurishankar Kumar says:

      Sir Isme kaun kaun se account open hote h Jo charge rakha hai apne suru me jase Equity market,FO,ya aur account open hote h ek sath is charge me please sir bataiye

  3. Vik says:

    Does this work for NRIs also?

  4. Ankur says:

    What about itr 3 and all audit requirement?

    • Quicko Team says:

      Zerodha traders will be able to file ITR-3 by simply importing Tax P&L from their Zerodha account. We have some exciting integrations coming #TaxSeason2020 for traders. Stay Tuned!!!

      • Chandrasekar says:

        But your charges are neither reasonable nor competitive.
        Eg., you charge 9000 for ITR for Equity, Intraday and F&O Traders. There are others in the market who provides same or better service for lesser charges

  5. Sandeep says:

    Do you offer audit services also? For derivatives trading income?

  6. Vishnu says:

    Will Quicko help us to file Business Income (From derivatives trading)? If yes, it’s an awesome intiative by Zerodha. Pls reply

  7. Harshil says:

    Can you arrange to Generate the Form-16 Sort of Details for the Zerodha trading Account of any Individual. that will be Great help to File tax.

  8. Varughese says:

    Do they provide Tax Auditing in cases where audit is madatory for the trader?

  9. Dhaval says:

    Great initiative appreciate Zerodha for taking care of the taxation as well.

  10. P.Subbiah says:

    i am 84 years old. Last year i file a returns , this year so for i didn’t file since no taxable income for me.

    Pl suggest is it necessary to file this yr.

  11. R Bose says:

    Very Good Initiative,but it for salaried. What about businessmen who trades frequently in stocks and FNOs …

  12. Chandrakant says:

    This is what we need when we do some trading rarely. I hope it will help us to do tax filing. I used to skip trading because burden of adding trade details during tax filing.

  13. Ravikiran says:

    Great !!
    I had used their service last year.
    I felt Quicko was awesome compared to other online IT return filing vendors.
    Good to see zerodha expand it’s universe 🙂

  14. Siji K says:

    Great to know about Quicko, and that it will take Zerodha reports and automatically crunch them for filing. What are the charges?
    Also, when will Zerodha churn out detailed (with all charges per transaction) trade reports between dates in a single csv? It has already matured, and it is high time now that such a report is published. My requests are replied with “we are working on it”

  15. Ramesh Gandhi says:

    congratulations to understand Traders requirement.
    Also plan for DIGITAL LOCKER to keep all account data file ready from zerodha as well as other brokers.
    like invoive, ledger, equity depository transaction andholding statement ,long term /short term capital gain,dividend record, STT certificates and exchange wise broker wise Profit loss report ( normally refered as Global report in Derivative and Cash market )
    these are few of requirement by IT dept when you are under scrutinity.
    These may be kept monthly /quaterly and annuall basis.in Digital Lockers.
    regards
    Ramesh Gandhi.
    9920617729
    [email protected]

  16. Arpit says:

    Will Zerodha demat account history mapped with Quicko automatically ?

  17. David says:

    Thank you. Hope i will find it useful when i use it. My salaried income apart, i started trading this year and was wondering about the tax implications. This would be just right for me at the right time.

  18. Nikhil Tiwari says:

    Not Necessary but it is suggested to het filed itr regularly without any gap

  19. ramesh gandhi says:

    continuing with above comment.
    Regular monthly audit of data is must to regularise mismatch or mistaked incorporated somewhere.
    regards
    ramesh gandhi

  20. Tamada naga acharyulu says:

    ట్రెండ్ కి తగ్గట్టుగా అప్డేట్ అవ్వడం జెరోధా స్పెషల్

  21. Bhaskar S M says:

    Good Initiative

  22. HIMANSHU RAWAT says:

    WHAT IS THE FEE AND PROCEDURE
    KINDLY INTIMATE.
    ON MY MAIL.

  23. Hemant Charya says:

    Long awaited! Great tie-up. Kudos to Team Zerodha and Team Quicko! Thank you.

  24. Sachin says:

    Hi
    For calculating capital gain taxes on shares, what do you require and in what format. Can Zerodha provide this document to us.

    Secondly, what are your charges.

  25. Atul says:

    Thanks for making our life easier!

  26. shahbaz aamir says:

    Good Initiative

  27. MAHENDER says:

    Hi All,
    Infact, I was wondering if Zerodha can bring this to simplify the process of taxation.

    Much appreciated to initiate this process.
    Thank you
    Mahender

  28. Bhavesh says:

    Sir
    When we trade or invest in stock market
    We already paying some taxes to government no matter we earn or loss
    Then why we have to pay more tax ?

    • Quicko Team says:

      Securities which are subject to STT is taxed at beneficial/Nil rate. While long term capital gain (up to 1 Lac) are exempt from tax, short term capital gain on such securities are taxed at a concessional rate of 15%. Hope this help!!!

  29. Renjith George says:

    I am salaried employee and do the trading.combining both,how do u help me in filing ?

  30. Yuvaraj says:

    Can any tell me
    For how much income(i.e 100000or more or less then that) tax has to be file.
    Please mention the amount.

  31. Hari says:

    Wow, this is supercool.zerodha has become a mkt place for all investments & wealth creation.

  32. Viswanath says:

    I am a retired individual. I trade normally in NFO futures. Can I use this new initiative?

  33. BSKulkarni says:

    Good move. T&C and charges should be made clear.

  34. Chandrasekar Ramakrishnan says:

    Not worth. Checked their charges!!

  35. Venu Gopal Pillutla says:

    Zerodha,
    Thank you very much.

  36. Rajiv R says:

    Great. You know exactly what the customer wants and deliver it.
    Way to go!

  37. DR. RIAZ KHAN says:

    Good Initiative and a welcome move. Will prove to be a good value addition.
    Thank You

  38. Nirmaljyoti Sharma says:

    Small educational video will be helpful, if possible.
    Thanks

  39. Usha devi says:

    If in hindi available then best

  40. Prakash mishra says:

    Pleaee keep the charges to minimum so that small traders can also use this initiative

  41. Rajesh says:

    A very good one

  42. Ganesh Bhat says:

    Sir
    I am a agriculturist, i started trading from May 2019( means learning to trade with very small amount tha is 2000, 3000 total gross turnover of day). I did not fill any it form yet before. Should i fill lT forms from next financial year?

    • Team Quicko says:

      You should. We always suggest our customers stay up to date with tax compliances whether their income is taxable or not. Also, trading activity is reported to IT Department in Annual Information Report (AIR), so always a good practice to file ITR when trading.

  43. Ankit says:

    Kindly introduce-
    “Number of times SL will trail” in BO.

  44. Anish says:

    Every year we export all the trading data from brokers site and give that to the accountant. The accountant does the accounting entry of the same, prepares the balance sheet and P&L. Based on this the tax consultant does the Tax filling for us. Here, I think Quicko is doing only the tax consultant part, r8?

    • Team Quicko says:

      We are building integrations with Zerodha for #TaxSeason2020, where traders will be able to import TAX P&L by logging into their Zerodha account & Quicko will be able to prepare traders tax return programmatically. Reducing cost, improving scale & ruling out human errors. I hope that makes us different than your regular tax consultant 🙂

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