Capital Gains Calculator — STCG & LTCG (Post Budget 2024)

STCG (Short-Term Capital Gain) applies when an asset is sold within the short-term holding period (12 months for listed equity, 24 months for property/gold/unlisted). LTCG applies for longer holdings. STCG is generally taxed higher (slab rate or 20% for equity); LTCG enjoys concessional rates with exemptions.

Up to ₹1.25 lakh per financial year is exempt (raised from ₹1 lakh in Budget 2024). Gains above this threshold are taxed at 12.5%. So if your LTCG for the year is ₹2 lakh, only ₹75,000 is taxable — tax = ₹9,375 + 4% cess.

Generally NO after 23 July 2024. Old regime (20% with indexation) is available ONLY as a grandfathered choice for property purchased BEFORE 23 July 2024. New regime: 12.5% without indexation. Choose lower tax option for grandfathered properties.

Largely NO post-April 2023. Debt MFs purchased after 1-Apr-2023 are taxed at SLAB rate regardless of holding period — no LTCG benefit, no indexation. Effectively makes debt MFs less attractive than direct bonds or FDs for high-tax-bracket investors.

Interest (2.5% a year) is taxable at your slab rate. For FY 2025-26, the gain on redemption at maturity is exempt for an individual. From tax year 2026-27, section 70(1)(x) of the Income-tax Act, 2025, as substituted by the Finance Act, 2026, exempts the redemption gain only where the individual subscribed at original issue and held the bond till maturity. Bonds bought on the stock exchange, or sold or redeemed before maturity, follow the normal capital gains rules: long-term at 12.5% after 12 months, short-term at slab rate.

Generally one residential property. Budget 2019 introduced a once-in-lifetime option to invest in 2 residential properties if total LTCG ≤ ₹2 crore. Budget 2023 capped Section 54/54F exemption at ₹10 crore — excess gains taxed at LTCG rate.

No tax on inheritance itself. But when you eventually sell the inherited asset, capital gain is calculated using ORIGINAL OWNER’s cost (cost basis carries forward). Holding period also includes original owner’s period.

Largely same rates. Key differences: (a) TDS @ 12.5% (LTCG) or 20% (STCG equity) deducted at source from NRI sale proceeds, (b) DTAA benefits may apply for foreign assets, (c) Section 195 TDS (section 393(2) from tax year 2026-27) applies to property sale by NRI. NRIs cannot claim the Section 87A rebate (section 156 from tax year 2026-27).

Contract notes, demat statements, mutual fund statements, sale deeds, purchase deeds, brokerage receipts, stamp duty receipts, valuation reports for inherited/gifted property. Retain for at least 7 years post-filing as IT Department can re-open assessments.

Carry forward up to 8 assessment years (provided you file ITR before due date). STCL set-off against STCG or LTCG; LTCL ONLY against LTCG. Plan harvests strategically — book losses in years with gains to offset tax.

Yes for select cases: (a) Property sale > ₹50 lakh — buyer deducts 1% TDS on the higher of price and stamp duty value (Sec 194-IA; section 393(1), Table Sl. No. 3(i) from tax year 2026-27); (b) NRI sales — buyer deducts at applicable rate; (c) Mutual fund equity redemption by NRI — AMC deducts at LTCG/STCG rate. Resident investors usually pay tax via advance tax/self-assessment.

Yes — cost of improvement (renovation, additions) is added to cost basis. Maintain receipts. For pre-2001 properties, fair market value as of 1-Apr-2001 can be used as cost basis (one-time benefit). Improvements between cost-base date and sale are also indexable in old regime.