Capital Gains Tax Calculator. India, post 23 Jul 2024.

Budget 2024 reset the rules for transfers made on or after 23 July 2024. For listed equity shares and equity mutual funds, long-term capital gains (LTCG) tax rose from 10% to 12.5% and the annual exemption rose from ₹1 lakh to ₹1.25 lakh; short-term gains (STCG) rose from 15% to 20%. Property, gold and unlisted assets held long term now attract a flat 12.5% without indexation, replacing the old 20%-with-indexation method (property acquired before 23 July 2024 keeps a grandfathering choice). Always verify the current position with the Income Tax Department or a chartered accountant.

For listed equity shares and equity mutual funds on which STT was paid, long-term capital gains up to ₹1,25,000 in a financial year are exempt, and only the amount above that is taxed at 12.5%. The exemption is per taxpayer per year, applied across all your equity LTCG combined, not per transaction. Example: a ₹3,00,000 long-term gain is reduced by ₹1,25,000, leaving ₹1,75,000 taxable at 12.5% = ₹21,875. This exemption applies only to equity and equity funds, not to debt funds, property or gold. Confirm the current exemption with a CA before filing.

From 1 April 2023, specified debt mutual funds (those with 35% or less in domestic equity) lost indexation and the concessional long-term rate. Any gain on units purchased on or after that date is treated as short term regardless of how long you hold them, added to your total income, and taxed at your slab rate (5%, 20% or 30% plus surcharge and cess). There is no ₹1.25 lakh exemption. Units bought before 1 April 2023 may follow older transitional rules, so check your purchase dates and consult a chartered accountant for your exact position.

Land or building acquired before 23 July 2024 and sold long term (held more than 24 months) gets a one-time choice for resident individuals and HUFs. You can pay 12.5% on the plain gain (sale minus cost) with no indexation, or 20% on the indexed gain, where indexed cost = cost × (CII of sale year ÷ CII of purchase year). You pay whichever produces the lower tax. This tool computes both and highlights the cheaper one. The indexation option is gone for property acquired on or after 23 July 2024 and never applied to shares, funds or gold. Verify eligibility with a CA.

The Income Tax Act offers reinvestment exemptions. Section 54 exempts LTCG on a residential house if you buy or build another house within the prescribed window (broadly one year before or two years after the sale, or three years to construct). Section 54F gives a similar exemption when you sell any other long-term asset and invest the net sale proceeds in one house. Section 54EC exempts gains up to ₹50 lakh if reinvested in specified bonds (such as NHAI or REC) within six months, with a five-year lock-in. Conditions, caps and timelines are strict, so plan with a chartered accountant.