What changed with LTCG tax on equities in Budget 2024?

From 23 July 2024, the LTCG tax rate on listed equities and equity-oriented mutual funds was raised from 10% to 12.5%. The annual exemption threshold was simultaneously raised from Rs 1 lakh to Rs 1.25 lakh. Assets held for more than 12 months qualify as long-term. The 4% Health and Education Cess still applies on top.

What is the STCG rate on equities for FY2024-25?

Short-term capital gains on listed equities (held 12 months or less) are taxed at a flat rate of 20% (raised from 15% effective 23 July 2024) plus 4% cess, giving an effective rate of 20.8%. This applies regardless of income slab.

How is capital gains tax on real estate calculated?

Gains on immovable property held for more than 24 months are long-term. LTCG on real estate was taxed at 20% with CII indexation before 23 July 2024; post that date, gains without indexation are taxed at 12.5%. This calculator uses the 12.5% without-indexation option for sales after that date, but applies CII for illustrative comparison. STCG on real estate is added to income and taxed at slab rates.

What is indexation and when does it apply?

Indexation adjusts the purchase cost for inflation using the Cost Inflation Index (CII) published by the government. For real estate acquired before 23 July 2024 and sold after that date, taxpayers may choose between 20% with indexation (old regime) or 12.5% without indexation. For equity instruments, indexation never applies.

Are debt mutual funds taxed differently after April 2023?

Yes. Debt mutual funds purchased on or after 1 April 2023 are taxed as short-term capital gains at slab rates, regardless of holding period. This calculator applies slab-rate taxation at the selected income bracket for all debt fund gains.

Does this include surcharge?

Surcharge on capital gains tax applies at higher income levels (10% on tax if total income exceeds Rs 50 lakh, up to 15% — but capped at 15% for equity LTCG). This calculator does not include surcharge because it depends on total income across all sources. Add surcharge manually if your income exceeds Rs 50 lakh.

Is the Rs 1.25 lakh exemption per transaction or per year?

The exemption is per financial year, not per transaction. All LTCG on equity instruments across all transactions in a year are aggregated, and only the amount above Rs 1.25 lakh is taxed at 12.5%. This calculator applies the exemption to the gain you enter, so enter your total annual equity LTCG if you have multiple sales.

India Capital Gains Tax Calculator

Name: India Capital Gains Tax Calculator
Availability: InStock
Author: Nham Vu

Enter your asset type, purchase and sale values, and holding period to calculate LTCG or STCG tax owed under Indian FY2024-25 rules.

Your Details

Asset Class

Long-term threshold: >12 months. LTCG taxed at 12.5%; STCG at 20%.

Purchase Price (Rs)

₹

Sale Price (Rs)

₹

Holding Period (months)

Enter whole months from purchase to sale date.

Income Tax Slab (for slab-rate gains)

Applies only to STCG on debt funds and real estate. Uses new regime slabs.

Enter your details and click Calculate Tax

Tax Summary

Tax Owed

₹0

Effective Rate

Net Gain

₹0

Applicable Rates (FY2024-25)

Category	Holding Threshold	LTCG Rate	STCG Rate

Calculation Breakdown

Estimate only — FY2024-25 rates post-Budget 2024 (23 July 2024). Excludes surcharge (applies above Rs 50L income), STT, brokerage. Consult a chartered accountant for personal tax advice.

Summary

Enter your asset type, purchase and sale values, and holding period to calculate LTCG or STCG tax owed under Indian FY2024-25 rules.

How it works

Select the asset class: listed equities/equity mutual funds, debt funds, or real estate/other assets.
Enter the purchase price and sale price of the asset.
Enter the holding period in months. The tool determines whether the gain is LTCG or STCG based on the threshold for that asset.
For equities, the Rs 1.25 lakh LTCG exemption (per year, post-Budget 2024) is deducted automatically from long-term gains.
For real estate LTCG, cost inflation index (CII) indexation is applied using FY2024-25 CII values.
The applicable flat tax rate is used (not slab rates for LTCG on equities; slab rate for STCG on debt/real estate).
4% Health and Education Cess is added to the base tax to arrive at total tax payable.

Use cases

Estimate capital gains tax before selling listed shares or equity mutual funds.
Calculate tax on sale of a house or land using CII-indexed cost.
Determine whether to hold equities past 12 months to qualify for LTCG treatment.
Plan asset disposals to stay within the Rs 1.25 lakh LTCG exemption on equities.
Compare STCG tax at 20% versus LTCG at 12.5% on equities.
Estimate capital gains tax on debt mutual funds sold after April 2023.
Calculate net proceeds after tax from selling an investment property.

Frequently Asked Questions

Last updated: 2026-07-23 · Reviewed by Nham Vu