Form 67 / FTC calculator
Compute foreign tax credit available on US dividends and net Indian tax owed. The FTC is capped at the lower of US tax paid or Indian tax payable — this calculator does the math.
Foreign income
Indian tax assumptions
If you skip Form 67: you forfeit the FTC entirely. Total tax becomes ₹30,440 instead of ₹17,940 — a leak of ₹12,500.
Net cash retained
₹32,060
Effective tax rate: 35.9%
Gross dividend₹50,000
US withholding @ 25%− ₹12,500
Indian tax @ 35.9%− ₹17,940
FTC claimable (Form 67)+ ₹12,500
Net Indian tax payable− ₹5,440
Total tax burden− ₹17,940