What is a capital gains tax calculator?
A capital gains tax calculator estimates the tax you pay when you sell shares, mutual funds, gold or property at a profit. It checks whether the gain is short term or long term from the holding period and applies the rate for that asset under the rules in force from 23 July 2024.
How to use it
- Choose the asset type.
- Enter the buy and sell values.
- Enter how long you held it, and your income tax slab for gains taxed at slab rate.
Example
You sell equity fund units held for 2 years with a gain of ₹3 lakh. The first ₹1.25 lakh of long-term equity gains in a year is tax free, so ₹1.75 lakh is taxed at 12.5%. The tax is ₹21,875 plus 4% cess, about ₹22,750.
Frequently asked questions
What is the LTCG tax on equity mutual funds?
Gains on listed shares and equity mutual funds held for more than 12 months are long term. They are taxed at 12.5% on gains above ₹1.25 lakh in a financial year, plus cess.
What is the STCG tax on equity?
Gains on listed shares and equity mutual funds held for 12 months or less are short term and taxed at 20%, plus cess.
How are debt mutual funds taxed?
Debt fund units bought on or after 1 April 2023 are taxed at your income tax slab rate, however long you hold them. Units bought earlier and held for more than 24 months are taxed at 12.5% without indexation.
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Results are estimates for planning only and are not investment advice.