Capital Gains Tax Calculator
Calculate your capital gains tax liability using the latest rates effective after Budget 2024. Covers Short-Term Capital Gains (STCG) and Long-Term Capital Gains (LTCG) on equity/mutual funds, debt instruments, and real estate.
Frequently Asked Questions
What changed in capital gains tax after Budget 2024?+
Budget 2024 (effective July 23, 2024): STCG on equity/equity MF increased from 15% to 20%. LTCG on equity/equity MF reduced from 10% to 12.5% but the exemption limit increased from ₹1L to ₹1.25L. Indexation benefit was removed for most asset classes for LTCG.
What is the difference between STCG and LTCG for equity?+
For listed equity shares and equity mutual funds: holding period ≤12 months → STCG (taxed at 20%). Holding period >12 months → LTCG (taxed at 12.5% above ₹1.25L). For unlisted shares and debt funds, the holding period threshold for LTCG is 24 months.
Can I set off capital losses against capital gains?+
Yes. Short-term capital losses can be set off against both STCG and LTCG. Long-term capital losses can only be set off against LTCG. Unabsorbed losses can be carried forward for up to 8 assessment years.
Is the ₹1.25 lakh LTCG exemption per transaction or per year?+
It is per financial year (April to March), not per transaction. You can realise up to ₹1.25L in LTCG from equity investments in a year without paying any tax. Strategic annual harvesting of gains up to this limit is a common tax-planning technique.