Evaluating tax liability on the sale of capital assets requires applying asset-specific holding periods, updated tax rates, and statutory exemption limits. This calculator models capital gains tax for listed equities, mutual funds, immovable property, and gold.
📈 Capital Gains Calculator
Calculate Short-Term (STCG) & Long-Term (LTCG) tax liability on Equity Shares, Real Estate Property, and Debt Mutual Funds.
Capital Gains Tax Calculator: Equity, Debt, Real Estate & Gold (Budget 2024-26)
📋 What, Why, and Who Should Use It?
🔍 What is this Calculator?
A comprehensive capital gains tax computation engine that calculates short-term and long-term tax liabilities across various asset classes under prevailing tax laws.
⚡ Why is it Useful?
Updated for Finance (No. 2) Act 2024 provisions, including the 12.5% LTCG rate on equities above ₹1.25L, 20% STCG on equities, and real estate indexation rules.
👥 Who Should Use It?
Stock market investors, mutual fund unitholders, property sellers, and chartered accountants.
⚙️ How It Works & Calculation Formula
Capital Gain is calculated as Net Sales Consideration minus Cost of Acquisition and eligible transfer expenses. Under the Finance (No. 2) Act, 2024: for asset transfers on or after 23rd July 2024, listed equity LTCG (> 12 months) is taxed at 12.5% on aggregate gains exceeding ₹1,25,000 per financial year, and STCG (≤ 12 months) is taxed at 20%. For transfers executed before 23rd July 2024, LTCG was 10% (exemption ₹1,00,000) and STCG was 15%. For immovable property acquired before 23rd July 2024, resident taxpayers retain the legal option to pay 12.5% without indexation or 20% with indexation, whichever calculates lower tax.
💡 Assumptions & Real-World Example
Assumes resident individual taxpayer. Section 112A annual exemption of ₹1,25,000 applies across all long-term equity transactions in the financial year. Surcharge and 4% Health & Education Cess are added to basic tax.
📌 FAQs
1. What are the new LTCG and STCG tax rates for equity post Budget 2024? ▼
Long-Term Capital Gains (LTCG) on listed equity and equity mutual funds are taxed at 12.5% on gains exceeding ₹1.25 Lakh per financial year. Short-Term Capital Gains (STCG) are taxed at 20%.
2. What is the holding period to qualify for LTCG in equities? ▼
For listed equity shares and equity-oriented mutual funds, the holding period to qualify as long-term is more than 12 months.
3. How is real estate capital gains taxed under the new rules? ▼
For property held over 24 months, LTCG is taxed at 12.5% without indexation. However, for properties acquired before July 23, 2024, resident individuals can choose between 12.5% without indexation or 20% with indexation, whichever calculates lower tax.
4. How are debt mutual funds taxed? ▼
For debt mutual fund units acquired on or after April 1, 2023 (with equity exposure ≤ 35%), all capital gains are treated as short-term capital gains and taxed at your applicable income tax slab rate.
5. How is capital gains on gold and physical jewelry taxed? ▼
Gold held for more than 24 months is treated as long-term and taxed at 12.5% without indexation. Gold held for 24 months or less is treated as short-term and taxed at your regular income tax slab rate.
6. Can capital losses be offset against capital gains? ▼
Short-Term Capital Losses (STCL) can be set off against both STCG and LTCG. Long-Term Capital Losses (LTCL) can only be set off against LTCG. Unabsorbed losses can be carried forward for up to 8 assessment years.
7. What is Section 54 capital gains exemption for house property? ▼
Under Section 54, you can claim exemption on LTCG from selling a residential house if you reinvest the capital gains in purchasing another residential house within 1 year before or 2 years after sale (or construct within 3 years).
8. What is Section 54EC capital gains bond exemption? ▼
Under Section 54EC, you can exempt LTCG from land or building by investing the gains up to ₹50 Lakhs in specified bonds (REC, PFC, NHAI) within 6 months of the sale date, carrying a 5-year lock-in.
9. What is Section 54F exemption? ▼
Section 54F allows exemption on LTCG from the sale of any asset other than a residential house (e.g. shares, gold, commercial land) if the entire net sales consideration is reinvested in a residential house.
10. Is Grandfathering benefit available for equities bought before Jan 31, 2018? ▼
Yes. For listed equity shares bought on or before January 31, 2018, the cost of acquisition is grandfathered to the fair market value as of January 31, 2018, protecting gains earned up to that date from tax.
