Capital Gains Tax Calculator

Budget 2024 brought major changes: Equity LTCG (held ≥12 months): 12.5% with ₹1.25L annual exemption (up from 10% and ₹1L). Equity STCG (held <12 months): 20% (up from 15%). For all other assets like debt MFs, property, and gold: LTCG at 12.5% without indexation (or 20% with indexation for property). STCG on debt/property: taxed at your income slab rate.

Indexation adjusts the purchase price for inflation using the Cost Inflation Index (CII) published by the government. After Budget 2024, indexation was removed for most assets. For property purchased before July 23, 2024, you can choose between 20% tax with indexation OR 12.5% tax without indexation — whichever is lower. For property bought after that date, only 12.5% without indexation applies.

Under Section 54, if you reinvest LTCG from a residential property sale into another residential property within 1 year before or 2 years after sale (or construct within 3 years), the LTCG is exempt. The new property must be in India. Under Section 54EC, you can invest up to ₹50L in specified bonds (REC/NHAI) within 6 months to claim exemption.

LTCG on listed equity is reported in Schedule 112A of ITR-2 or ITR-3. You need to report each transaction separately (available in your broker's capital gains statement or Form 26AS). The first ₹1.25L of LTCG is exempt — only the amount above this threshold is taxable at 12.5%.

Short-term capital loss can be set off against both STCG and LTCG. Long-term capital loss (from equity or other assets) can only be set off against LTCG. Unabsorbed capital losses can be carried forward for 8 assessment years, but only if you file your ITR before the due date.