Capital Gains Tax Calculator (FY 2025-26)
Work out short-term and long-term capital gains tax on shares, mutual funds, property and other assets, using the current post-Budget-2024 rules — including the equity ₹1.25L exemption and property grandfathering.
Capital Gains
Long-Term Capital Gains Tax
₹22,750
LTCG 12.5% on gains above ₹1.25L exemption
How It Works
Capital gains tax depends on the asset type and how long you held it. Budget 2024 (effective 23 July 2024) overhauled the rules: listed equity and equity mutual funds now attract 20% short-term tax (held under 12 months) and 12.5% long-term tax on gains above a ₹1.25 lakh annual exemption (held 12 months or more). Property and other assets use a 24-month long-term threshold and a flat 12.5% long-term rate without indexation — except property bought before 23 July 2024 by a resident individual/HUF, which can choose the lower of 12.5% (no indexation) or 20% (with indexation). Debt mutual funds bought on or after 1 April 2023 are always taxed at your income-tax slab rate with no long-term benefit. A 4% health & education cess applies on top, and crucially the Section 87A rebate does NOT offset these special-rate gains — a detail most calculators get wrong.
Formula
Equity: STCG 20% (<12m); LTCG 12.5% above ₹1.25L (≥12m). Property/other: LTCG 12.5% no-indexation (≥24m). Debt MF (post Apr-2023): slab rate. + 4% cess. §87A does NOT apply.
Frequently Asked Questions
What are the new capital gains tax rates after Budget 2024?
For listed equity/equity MF: STCG 20% (held <12 months), LTCG 12.5% on gains above ₹1.25 lakh/year (held ≥12 months). For property and other assets: LTCG 12.5% without indexation (held ≥24 months). All plus 4% cess.
Is indexation still available on property?
Indexation was removed for most assets. The only exception: property acquired before 23 July 2024 by a resident individual/HUF can pick the lower of 12.5% without indexation or 20% with indexation. Newer purchases get 12.5% flat.
How are debt mutual funds taxed now?
Debt fund units bought on or after 1 April 2023 are always taxed at your income-tax slab rate, regardless of holding period — there is no long-term capital gains benefit for them anymore.
Does the ₹1.25 lakh exemption apply to all capital gains?
No — the ₹1.25 lakh annual exemption applies only to long-term gains on listed equity and equity mutual funds (STT paid). It does not apply to property, debt funds, gold, or unlisted shares.
Can the Section 87A rebate reduce my capital gains tax?
No. The Finance Act 2025 clarified that the 87A rebate does not offset special-rate capital gains (§111A/§112A). Even if your total income is under ₹12 lakh, tax on these gains is still payable.