What changed in Budget 2024?

Budget 2024 increased STCG on equity from 15% → 20%, LTCG on equity from 10% → 12.5%, and raised the LTCG exemption from ₹1L to ₹1.25L per year. Debt fund indexation was removed in April 2023 — all debt gains now taxed at slab.

How do I claim the ₹1.25L LTCG exemption?

It's automatically applied in ITR-2 when you report LTCG from equity/mutual funds. The first ₹1.25L of LTCG per financial year is exempt; anything above is taxed at 12.5%. You can't carry forward the unused exemption.

What about gifts or inheritance?

Cost basis transfers to the receiver. Holding period starts from the original purchase date (not gift date). Gifts themselves are not taxable for close relatives; property gifts have their own rules.

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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).

Inputs

Buy value (total)₹1.00 L

₹1,000₹10.00 Cr

Sell value (total)₹1.50 L

₹1,000₹10.00 Cr

Holding period (months)18 mo

1240

Asset type (0=Equity/MF, 1=Debt)0

Result

Tax payable

₹0

Net gain after tax

₹50,000

Gross gain

₹50,000

Nature

Taxable amount

₹0

Exempt (₹1.25L)

₹50,000

Cess @ 4%

₹0

LTCG on equity

₹0

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 (July 2024) — any profit booked after that date uses the new rates.

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.

Tip: offset gains with losses from the same category. Short-term capital losses offset both STCG and LTCG; long-term losses only offset LTCG. Unused losses carry forward 8 years.

LTCG/STCG — Frequently asked questions

Long-Term Capital Gain (LTCG) applies when you hold equity/MF for 12+ months or debt for 24+ months. Short-Term Capital Gain (STCG) is when held for less. LTCG on equity is taxed at 12.5% (first ₹1.25L exempt), STCG at 20%. Debt is always taxed at your slab.

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