Capital gains tax rates (sales on or after 23 July 2024)
| Asset | Long-term if held | Short-term tax | Long-term tax |
|---|---|---|---|
| Listed shares, equity mutual funds | More than 12 months | 20% | 12.5% on gains above ₹1.25 lakh a year |
| Debt mutual funds (bought from 1 April 2023) | — | Slab rate | Always taxed at slab rate |
| Property, gold, unlisted shares | More than 24 months | Slab rate | 12.5% without indexation |
4% health and education cess is added to the tax. Surcharge may apply at high incomes.
Things this calculator simplifies
- Property bought before 23 July 2024: resident individuals and HUFs can choose between 12.5% without indexation and 20% with indexation, whichever is lower.
- Shares bought before 1 February 2018: the cost can be “grandfathered” to the price on 31 January 2018.
- Holding-period rules for some gold products, such as gold ETFs and gold mutual funds, may differ — check the rules for your product.
- Losses can be set off against gains, and exemptions under sections 54, 54EC and 54F may reduce tax on property.
Because these rules are detailed, please confirm your final tax with a chartered accountant. For your total tax picture, use the income tax calculator.