What is LTCG tax on stocks in India?

Long-term capital gains (holding >12 months) on listed equity shares are taxed at 12.5% for gains above ₹1.25 lakh per year (Budget 2024 rate). No indexation benefit is available for equity.

How is STCG on equity taxed?

Short-term capital gains (holding ≤12 months) on listed equity (sold via STT-paid transaction) are taxed at 20% flat rate as per Budget 2024 changes.

Is there indexation benefit on property sale?

As per Budget 2024, LTCG on property sold after July 23, 2024 is taxed at 12.5% WITHOUT indexation. For properties purchased before July 23, 2024, you can choose between 20% with indexation or 12.5% without — whichever gives lower tax.

How are debt mutual fund gains taxed?

Debt mutual funds purchased after April 1, 2023 are taxed as per income tax slab rates regardless of holding period (no LTCG benefit). For units purchased before, gains after 3 years get 20% with indexation.

What is the grandfathering clause for equity?

For listed equity held before Jan 31, 2018, the purchase price is considered as the higher of actual purchase price or the fair market value as on Jan 31, 2018. This protects gains accrued before LTCG tax was introduced.

📊 FY 2025-26 • Budget 2024/2025 Updated

Capital Gains Tax Calculator

Calculate STCG & LTCG tax on Stocks, Mutual Funds, Property, Gold & Bonds. With grandfathering, indexation & exemptions.

📈 Equity & MF 🏠 Property 🥇 Gold & Bonds 📋 Section 54 Exemptions

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Purchase Price (₹) ?Total cost of acquisition including brokerage, STT, stamp duty paid at the time of purchase.

Sale Price (₹)

Cost of Improvement (₹) ?For property: renovation, construction additions (not repairs/maintenance). For other assets, usually 0.

Purchase Date

Sale Date

Fair Market Value on 31-Jan-2018 (₹) ?Grandfathering: For equity held before Feb 1, 2018. Enter the highest price on NSE/BSE as on 31 Jan 2018. Leave 0 if purchased after.

Capital Gain

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Taxable Gain

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Tax Payable

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Effective Tax Rate

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Gain Breakdown

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📊 Capital Gains Tax Rates — Quick Reference (FY 2025-26)

Asset	Short-Term	Long-Term Period	LTCG Rate	Exemption
📈 Listed Equity	20%	> 12 months	12.5%	₹1.25L/yr
📊 Equity MF	20%	> 12 months	12.5%	₹1.25L/yr
📑 Debt MF (post Apr'23)	Slab Rate	N/A	Slab Rate	None
🏠 Property	Slab Rate	> 24 months	12.5%	Sec 54/54EC
🥇 Gold / Gold MF	Slab Rate	> 24 months	12.5%	None
📄 Unlisted Shares	Slab Rate	> 24 months	12.5%	None

* Surcharge (10-37% based on income) + 4% Health & Education Cess applies on all rates. Grandfathering available for listed equity held before 31-Jan-2018.

Frequently Asked Questions

What is the ₹1.25 lakh LTCG exemption?▼

For listed equity and equity mutual funds, the first ₹1.25 lakh of LTCG in a financial year is completely tax-free. Only gains above this threshold are taxed at 12.5%. This was increased from ₹1 lakh in Budget 2024.

How does grandfathering work for equity?▼

If you held listed equity before Feb 1, 2018, your cost of acquisition is deemed to be the HIGHER of (a) actual purchase price, or (b) fair market value on Jan 31, 2018 — but not exceeding the sale price. This protects gains that accrued before LTCG tax was introduced.

What changed for debt mutual funds after April 2023?▼

Debt MFs purchased after April 1, 2023 no longer get LTCG benefit. All gains — regardless of holding period — are taxed at your income tax slab rate. The earlier 20% with indexation benefit has been removed for new purchases.

Can I set off capital losses against gains?▼

Yes! STCL can be set off against both STCG and LTCG. LTCL can only be set off against LTCG. Unabsorbed losses can be carried forward for 8 years. You must file ITR on time to claim carry-forward.

How to save tax on property sale?▼

1) Section 54: Buy new house within 2 years or construct within 3 years. 2) Section 54EC: Invest up to ₹50L in NHAI/REC bonds within 6 months. 3) Section 54F: For non-property assets, invest full sale proceeds in a house. 4) Capital Gains Account Scheme if you haven't utilized funds yet.

Is STT paid considered as an expense?▼

STT paid is NOT deducted from capital gains calculation (it's disallowed under Sec 48). However, payment of STT on equity transactions is what qualifies them for the lower 20% STCG / 12.5% LTCG rates instead of slab rates.