Tax rates by asset type (effective 23 July 2024)
| Asset | Short-term holding | STCG rate | LTCG rate |
|---|---|---|---|
| Listed equity / equity MF (STT-paid) | ≤ 12 months | 20% | 12.5% above ₹1.25 L |
| Debt MF (post-1 Apr 2023) | any | Slab rate | — (always treated as STCG) |
| Real estate / gold / unlisted shares | ≤ 24 months | Slab rate | 12.5% (without indexation) |
| Foreign equity / unlisted shares | ≤ 24 months | Slab rate | 12.5% |
4% health-and-education cess applies on top in all cases. Surcharge on LTCG is capped at 15% (max).
Holding-period thresholds
- Equity / equity MF: 12 months (more than 12 = long-term)
- Real estate, gold, unlisted shares: 24 months
- Debt MF (pre-Apr 2023 units): 36 months
- Debt MF (post-Apr 2023 units): no LTCG status — always slab-taxed
FAQ
Is the ₹1.25 L LTCG exemption per scheme or total?
Total — across all equity and equity-MF LTCG combined in a financial year. Once you cross ₹1.25 L of cumulative equity LTCG, the rest is taxed at 12.5%.
Can I claim indexation on real estate?
Property bought before 23 July 2024: choose between (a) 12.5% without indexation or (b) 20% with indexation — pick whichever gives lower tax. Property bought on or after 23 July 2024: only 12.5% without indexation.
What about Section 54 / 54F / 54EC exemptions?
Reinvestment in residential property (54 / 54F) or specified bonds (54EC, max ₹50 L) within prescribed periods can fully exempt LTCG on real estate. This calculator does not model those — apply them after the gross-tax calculation.