Capital Gains Tax Calculator
Calculate your tax liability on the sale of Stocks, Mutual Funds, and Real Estate properties under the updated Union Budget 2024 taxation framework.
Capital Gains Tax Rates (Budget 2024)
| Asset Class | Short-Term (STCG) | Long-Term (LTCG) | LTCG Exemption Limit |
|---|---|---|---|
| Listed Equity & Equity Mutual Funds | 20% (Held < 12 Months) | 12.5% (Held > 12 Months) | ₹1.25 Lakh / Financial Year |
| Real Estate (Land & Buildings) | Slab Rate (Held < 24 Months) | 12.5% without indexation (Held > 24 Mos) | Nil (Exemption via Sec 54/54EC) |
| Gold & Precious Metals | Slab Rate (Held < 24 Months) | 12.5% (Held > 24 Months) | Nil |
| Debt Mutual Funds (Bought after Apr 2023) | Taxed at Income Tax Slab Rate | Taxed at Income Tax Slab Rate | Nil |
How to Save Real Estate LTCG Tax (Section 54)
- Section 54: Reinvest residential capital gains in purchasing another residential house property within 2 years or constructing within 3 years.
- Section 54EC: Invest up to ₹50 Lakh of capital gains in specified bonds (REC, NHAI, PFC, IRFC) with a 5-year lock-in.
- Capital Gains Account Scheme (CGAS): If you cannot buy immediately before filing ITR, deposit funds in a CGAS account with a scheduled public bank.
Grandfathering & Real Estate Relief
- Properties bought before 23 July 2024: Resident individuals can choose between 12.5% without indexation OR 20% with indexation—whichever yields lower tax liability.
- Properties bought before 2001: Fair Market Value (FMV) as of 1 April 2001 is adopted as the base acquisition cost.
- Tax Loss Harvesting: Capital losses can be set off against capital gains and carried forward for up to 8 financial years.
Frequently Asked Questions (Capital Gains FAQ)
How is the ₹1.25 Lakh Equity LTCG exemption applied?
Every financial year, the first ₹1,25,000 of aggregate long-term capital gains from listed equities and equity mutual funds is completely tax-free. Only the amount in excess of ₹1.25 Lakh is taxed at 12.5%.
Can Short-Term Capital Loss be set off against LTCG?
Yes. Short-Term Capital Loss (STCL) can be set off against both STCG and LTCG. However, Long-Term Capital Loss (LTCL) can ONLY be set off against Long-Term Capital Gains.
What is Tax Loss Harvesting in equities?
Tax Loss Harvesting is the practice of selling loss-making stocks or mutual fund units before the end of the financial year to offset realized capital gains, thereby reducing your overall net tax liability.
Does STCG from equity qualify for the basic exemption limit?
Yes, for resident individuals, if your total other taxable income is below the basic tax exemption limit (₹3 Lakh in New Regime), the unexhausted basic exemption can be adjusted against capital gains.