How to use the Quicko integration on Zerodha Console

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Zerodha Console offers a built-in link to Quicko, a tax-filing platform that imports trading data directly from Zerodha and assists in preparing and filing ITR-2 or ITR-3. For investors and traders who find the manual method of downloading the capital gains CSV and entering data into the ITR utility tedious, the Quicko integration offers a faster alternative, particularly for returns with hundreds of scrip-level entries in Schedule 112A.

What Quicko imports from Zerodha

When you authorise the Quicko integration, Quicko imports:

  • Equity delivery capital gains: each buy-sell pair classified by holding period (STCG under section 111A or LTCG under section 112A).
  • F&O realised P&L: contract-level profits and losses for futures and options, used to compute non-speculative business income.
  • Intraday equity P&L: speculative business income.
  • Dividends: dividends paid by companies or mutual funds credited to your account.

Quicko does not have direct access to income that is not in Zerodha, such as salary, bank interest, rental income, or capital gains from other brokers. You must add these manually.

Prerequisites

  • A Zerodha account with at least one transaction in the financial year.
  • A Quicko account (sign up at app.quicko.com); you can sign in with your Google account or PAN-linked credentials.
  • Your Annual Information Statement (AIS) downloaded from the e-filing portal for cross-verification.
  • Form 16 (if salaried) or Form 16A (for TDS on other income).
  • PAN-linked login to incometax.gov.in for e-verification after filing.

Step-by-step procedure

Log in to console.zerodha.com. Navigate to Reports → Tax P&L. On the Tax P&L page, you will see a banner or button labelled File with Quicko, Tax Filing, or similar. The label may vary by year. Click it. You may also reach the Quicko integration directly by navigating to Console → Dashboard and looking for the ITR Filing tile if Zerodha has updated the interface.

If you cannot locate the button, go directly to app.quicko.com and select Connect Zerodha from the broker import options.

Step 2: Authorise data sharing

You are redirected to Quicko. If this is your first time, create an account using your PAN as the identifier. On the broker-import screen:

  1. Select Zerodha from the list of supported brokers.
  2. Click Connect or Authorise.
  3. You are redirected to a Zerodha authorisation page. Log in with your Zerodha client ID and TOTP 2FA.
  4. Click Allow to grant Quicko read-only access to your trade data.
  5. You are redirected back to Quicko.

Step 3: Select the financial year

In Quicko, select the financial year for which you are filing (for example, 2024-25 for AY 2025-26). Quicko fetches the trade data for that year.

Step 4: Review imported data

Quicko organises the imported data into categories:

Capital Gains (Equity Delivery)

  • Lists each buy-sell pair with ISIN, symbol, buy date, sell date, buy cost, sell value, and gain or loss.
  • Flags each entry as STCG (section 111A) or LTCG (section 112A).
  • For FY 2024-25, Quicko should split LTCG and STCG at the Finance Act 2024 cutoff of 23 July 2024, applying 20% STCG and 12.5% LTCG rates to the post-cutoff trades.

Review this section carefully. Spot-check five to ten entries against the raw capital gains CSV from Console (see How to download the capital gains statement on Zerodha). If any entries appear missing or incorrect, use the Quicko interface to correct or add them manually.

F&O Income

  • Lists realised profit or loss from futures and options contracts.
  • Shows total turnover computed by Quicko.

Verify the turnover figure against your own computation (see How to compute turnover for F&O audit). Quicko typically uses the ICAI absolute-profit method, but confirm this, as the method has a direct bearing on whether a tax audit is triggered.

Intraday Equity

  • Lists speculative income or loss from same-day equity trades.

Dividends

  • Lists dividends from stocks and mutual funds.

Step 5: Add income from other sources

Click Add Income or navigate to the respective tabs in Quicko to add:

  • Salary: upload Form 16 as an XML file (download from TRACES via your employer) or enter details manually.
  • House property income: rental income minus municipal taxes and standard deduction of 30%.
  • Bank interest: from bank statements or Form 26AS.
  • Other broker gains: if you also trade on Upstox, Groww, or another broker, import those data files separately.
  • Foreign income: if applicable.

Step 6: Verify against AIS

Download the Annual Information Statement from incometax.gov.in under e-File → AIS. Compare:

  • Total sale consideration of securities in AIS vs the total in Quicko.
  • Dividend income in AIS vs the dividend figure in Quicko.
  • TDS deducted vs what Quicko shows.

If there are discrepancies, check whether they arise from trades at other brokers, mutual fund redemptions not captured by Zerodha, or reporting differences. You can submit feedback on incorrect AIS entries directly on the portal, or add a note in the ITR filing.

Step 7: Select ITR form and tax regime

Quicko auto-selects:

  • ITR-2 if your income consists only of salary, capital gains, and other sources (no F&O or business income).
  • ITR-3 if you have F&O income or intraday equity classified as business income.

Confirm the form selection. Then choose between the old tax regime and the new tax regime (default from AY 2025-26 under Finance Act 2024). Quicko shows a comparison of tax liability under both regimes to help you decide. Consulting a CA before making this choice is recommended, as switching regimes has implications for future years.

Step 8: Review the tax computation

Quicko displays a detailed tax computation:

  • Income under each head.
  • Deductions claimed (80C, 80D, etc., if old regime selected).
  • Total income.
  • Tax at special rates (20% on STCG, 12.5% on LTCG above Rs 1.25 lakh).
  • Tax at slab rates on other income.
  • Less: TDS already deducted.
  • Balance: self-assessment tax payable or refund due.

Step 9: Pay self-assessment tax (if due)

If the computation shows tax payable, pay it before filing:

  1. Go to incometax.gov.in → e-Pay Tax → New Payment.
  2. Select Self-Assessment Tax (300).
  3. Complete payment via net banking or UPI.
  4. Note the BSR code, challan serial number, and date of payment.
  5. Enter these details in Quicko under the payment section.

Step 10: File and e-verify

Click File Return in Quicko. Quicko submits the JSON payload to the income tax portal. After successful upload, e-verify the return using:

  • Aadhaar OTP: fastest; requires Aadhaar linked to PAN.
  • EVC via net banking: log in through your bank’s net banking portal.
  • DSC: required if audit is applicable.

Download the ITR-V acknowledgement from the portal. Retain it for seven years.

What can go wrong

Turnover computation mismatch: Quicko’s turnover figure may differ slightly from your own computation if it uses a different method for options premium. Verify this before filing, especially if you are close to the Rs 10 crore or Rs 1 crore audit threshold.

Missing data from other brokers: The Zerodha integration only imports Zerodha trades. If you have a Groww or HDFC Securities account, import those trade files manually in Quicko.

Grandfathering not applied: For equity purchased before 31 January 2018, the LTCG calculation uses the higher of actual cost or the fair market value on 31 January 2018. Verify that Quicko has applied grandfathering correctly, especially for old holdings. See How to compute LTCG with grandfathering on Zerodha.

AIS mismatch not resolved: If the AIS shows higher figures than Quicko and you file without reconciling, you may receive a notice under section 143(1) or section 142(1) asking for clarification.

Paid plan required for F&O: Quicko’s free plan may not support F&O income reporting. Check the current pricing on Quicko’s website before proceeding if you have F&O trades.

References

  1. Income Tax Act 1961, sections 111A and 112A, special rates for STCG and LTCG.
  2. Finance Act 2024, STCG rate 20%, LTCG rate 12.5%, threshold Rs 1.25 lakh; effective 23 July 2024.
  3. Quicko Help Centre, help.quicko.com.
  4. Zerodha Console Tax P&L documentation, console.zerodha.com/reports/tax-pnl.
  5. CBDT Notification, Annual Information Statement framework under section 285BB.

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The WebNotes Editorial Team covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Drafts go through a second-pair-of-eyes review and a separate compliance read before publication, and revisions are tracked against the SEBI and NPCI rule changes referenced in the methodology section.

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