LTCG / STCG Calculator — capital gains tax on stocks & mutual funds
Calculate long and short term capital gains tax on equity and debt. Updated with FY 2024-25 rates (12.5% LTCG, 20% STCG, ₹1.25L exempt).
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About the LTCG/STCG Calculator
Capital gains tax in India is bifurcated: short-term vs long-term, and equity vs debt. Rates changed significantly in Budget 2024 (effective 23 July 2024) — any profit booked after that date uses the new rates. STCG on listed equity rose from 15% to 20%, LTCG on equity from 10% to 12.5%, and the LTCG annual exemption was raised from ₹1 lakh to ₹1.25 lakh. Debt fund indexation was already removed in April 2023, so all debt fund gains are now taxed at your slab rate regardless of holding period.
Equity / equity MFs: 12+ months = LTCG (12.5% above ₹1.25L); under 12 = STCG (20%). Debt / debt MFs (post-April 2023): always taxed at your slab, regardless of holding period. Real estate and gold ETFs/funds: 24 months for LTCG, 12.5% LTCG without indexation (or 20% with indexation, taxpayer's choice for property purchased before 23 July 2024 — grandfathering provision). International equity funds and fund-of-funds are treated as debt — slab rate.
Tip: offset gains with losses from the same category. Short-term capital losses can offset both STCG and LTCG; long-term capital losses only offset LTCG (not regular income). Unused losses carry forward 8 financial years, making strategic loss harvesting in down markets a legitimate way to bank tax-shield for future use. Tax loss harvesting is especially valuable around January–March when you can review the year's gains and deliberately book losses against them.
The ₹1.25 lakh LTCG exemption is per-individual per-financial-year. Spousal planning: gift equity to a non-working spouse, sell, and the gain is in their name (with their separate ₹1.25L exemption). Children: same logic for adult children. For minor children, clubbing rules apply. Never use this aggressively without consulting a CA — Section 56 (gift tax) and Section 64 (clubbing) have nuances.
Specific scenarios this calculator simplifies: it doesn't model surcharge (10% on LTCG above ₹50L taxable income, 15% above ₹1Cr), it assumes you've already used the ₹1.25L exemption elsewhere if you input an LTCG figure, and it doesn't capture grandfathering for pre-31 January 2018 equity acquisitions. For exact tax including surcharge, marginal relief, and grandfathering on legacy equity holdings, use a CA-grade tool or consult a tax advisor before booking gains larger than ₹10 lakh.