Taxation
Capital gains tax (LTCG/STCG), indexation, exemptions under §54/54F/54EC, and personal income tax slabs for FY 2025-26.
Capital Gains Rates (post 23-Jul-2024)
Listed equity and equity-MF gains are taxed under §111A (short-term) and §112A (long-term). The Finance (No. 2) Act 2024 lifted LTCG rate to 12.5% and STCG to 20%, with the §112A exemption raised to ₹1.25 lakh per FY.
| Asset class | STCG rate | LTCG rate | Holding period for LT |
|---|---|---|---|
| Listed equity & equity MF | 20% (§111A) | 12.5% above ₹1.25L (§112A) | > 12 months |
| Unlisted equity & non-equity | Slab | 12.5% no indexation | > 24 months |
| Debt MF (post-1-Apr-2023) | Slab | Slab | No LT benefit |
| Listed debt securities | Slab | 12.5% | > 12 months |
| Real estate (post-23-Jul-24) | Slab | 12.5% no indexation* | > 24 months |
For property bought before 23-Jul-2024, taxpayer can choose 12.5% without indexation OR 20% with indexation — whichever is lower.
Indexed Cost of Acquisition
Used for residential real estate (acquired before 23-Jul-2024 if opting 20% with indexation) and any other indexable LT asset.
Indexed cost
IC = Cost × (CII_sale / CII_purchase)
- Cost — Original purchase cost (or FMV on 1-Apr-2001 if older) (₹)
- CII — Cost Inflation Index notified by CBDT
Rebate u/s 87A
Resident individuals get a rebate that effectively makes total tax zero up to a threshold.
| Regime | Threshold (FY 2025-26) | Max rebate |
|---|---|---|
| Old regime | Total income ≤ ₹5 lakh | ₹12,500 |
| New regime (default) | Total income ≤ ₹7 lakh | ₹25,000 |
Related calculator
LTCG / STCG
Calculate long-term and short-term capital gains tax across equity, debt, and gold under post-23-Jul-2024 rates.
Get the full reference offline
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