Capital Gains Tax Calculator
Calculate LTCG and STCG tax on equity, debt mutual funds, and real estate. Updated for Budget 2024.
Frequently Asked Questions
What changed in capital gains tax after Budget 2024?
Budget 2024 raised equity STCG from 15% to 20% and LTCG from 10% to 12.5%, effective July 23, 2024. The ₹1L LTCG exemption was raised to ₹1.25L. Real estate LTCG rate changed to 12.5% without indexation.
What is LTCG on equity investments?
Long-Term Capital Gains (LTCG) on equity held more than 12 months is taxed at 12.5%. Gains up to ₹1.25 Lakhs per year are tax-exempt.
What is STCG on equity investments?
Short-Term Capital Gains (STCG) on equity held less than 12 months is taxed at 20% (as of Budget 2024). No basic exemption limit applies to STCG.
How are debt mutual funds taxed?
From April 2023, all debt mutual fund gains are taxed at your income slab rate (no special LTCG rate), regardless of holding period. This made debt funds less attractive for high earners vs fixed deposits.
How is real estate LTCG taxed?
Real estate held more than 24 months is LTCG. Budget 2024 changed the rate to 12.5% without indexation benefit. Sellers can opt for 20% with indexation for properties purchased before July 23, 2024.
What is Section 54 exemption on real estate?
Section 54 allows exemption from LTCG on sale of residential property if you reinvest the gains in another residential property within 2 years, or construct one within 3 years.