Taxation

Capital Gains Tax Calculator

Calculate your exact tax liability on Equity Shares and Equity Mutual Funds using the latest July 2024 Budget rules.

Investment Details

> 12 months qualifies as Long Term Capital Gains (LTCG) for Equity.

Tax Liability

Total Tax Payable

₹21,875

Excludes 4% Health & Education Cess.

Total Gain (Profit)+₹3,00,000
Capital Gain TypeLTCG (12.5%)
Tax-Free Exemption-₹1,25,000
Net Profit After Tax₹2,78,125

New Capital Gains Rules (July 2024)

The Union Budget 2024 significantly changed how equity is taxed in India:

  • STCG (Short Term): Increased from 15% to 20% for equity sold within 12 months.
  • LTCG (Long Term): Increased from 10% to 12.5% for equity sold after 12 months.
  • LTCG Exemption: The tax-free limit for LTCG was increased from ₹1,00,000 to ₹1,25,000 per financial year.

Tax Harvesting Strategy: If you are holding Long Term equity, you should "harvest" your ₹1.25 Lakh tax-free limit every single year. Sell exactly enough shares to book ₹1.25L in profit, and immediately buy them back. You pay zero tax and artificially raise your buy price (grandfathering), saving you 12.5% tax in the future.