Work out capital gains tax on listed shares, equity funds, or property under the rules from 23 July 2024. Covers 12.5% LTCG, the ₹1.25 lakh exemption, and indexation.
What changed on 23 July 2024?
Almost everything. Long-term gains moved to a flat 12.5% without indexation, short-term gains on listed equity moved from 15% to 20%, and the holding period that makes an asset long-term became 12 months for listed securities and 24 months for everything else. A sale before that date follows the old rules, so this calculator refuses those rather than guessing.
Is the ₹1.25 lakh exemption per sale?
No, and this is the most common mistake. The ₹1,25,000 is one total for the whole financial year across every section 112A gain you make - every share, every equity fund, every folio. Add up the year's gains first. The box above lets you enter gains you have already booked so the exemption is not counted twice.
What is grandfathering?
Long-term equity gains only became taxable from 1 February 2018, so gains built up before that were protected. For a share bought before that date, the cost becomes the higher of what you actually paid and the lower of its 31 January 2018 value and your sale price. That last clamp stops the rule inventing a loss when you sell below the 2018 value.
Do I still get indexation on property?
Only as a ceiling, and only if you are a resident individual or HUF who bought before 23 July 2024. Then your tax cannot exceed what the old 20% indexed rule would have cost, and this calculator shows both figures and uses the lower. Buy after that date, or sell as a company or a non-resident, and the flat 12.5% applies.
What if I sell at a loss?
The calculator shows the loss and charges nothing. A long-term loss can be set off against long-term gains, a short-term loss against either, and whatever is left carries forward for eight years if you file your return on time. Set-off across several sales is beyond one sale, so work each one out here and add them up.
Does this cover debt funds and unlisted shares?
No. Debt funds, market-linked debentures, unlisted shares, depreciable assets, and non-resident sellers each have their own rules, and an approximation there would be worse than a refusal. Stick to listed equity, equity-oriented funds, and land or buildings.
Can I avoid the tax by buying another house?
Possibly. Sections 54, 54F, and 54EC exempt a gain that is reinvested in a house or in specified bonds within set time limits. Those exemptions are not modelled here, so the figure above is the tax before any reinvestment relief.