Capital Gains Calculator — post Budget 2024.

Long-term vs short-term (post Budget 2024 simplification):

12 months for listed equity, equity mutual funds, business trust units, and listed bonds.
24 months for all other assets (immovable property, unlisted shares, gold, debt MFs, foreign assets).

Listed equity / equity MF / business trust:

STCG (≤12 months): 20% (was 15% till 22 Jul 2024)
LTCG (>12 months): 12.5% on gains above ₹1.25 lakh per FY (was 10% on >₹1 lakh till 22 Jul 2024)

Securities Transaction Tax must have been paid on both purchase and sale for these rates to apply.

Debt mutual funds purchased on or after 1 April 2023:

All gains are taxed at slab rates — no LTCG benefit, no indexation.

Immovable property and other capital assets (sold on or after 23 Jul 2024):

STCG (≤24 months): slab rates of the recipient
LTCG (>24 months): 12.5% without indexation

Property purchased BEFORE 23 July 2024: the seller can choose between (a) 12.5% on gain without indexation or (b) 20% on gain with indexation using the cost inflation index (CII) — whichever produces lower tax. This grandfathering option applies only to land and buildings; other assets do not get this choice.

Gold and other assets: 12.5% LTCG without indexation, slab rates for STCG. Sovereign Gold Bonds redeemed at maturity are tax-free; if sold in the secondary market before maturity, 12.5% LTCG applies.

Surcharge and cess apply on top of the base rates per income slab. The calculator shows base tax only.