What did you sell?
Amounts (₹)
Shares bought before 1 February 2018 keep their gain up to this date tax-free.
For assets bought before 1 April 2001 you may take this value as cost, but not more than the stamp duty value on that date.
If it is more than 110% of the sale price, the stamp duty value is taken as the sale price.
About you
Held for
Capital gain
Tax with 4% cess
How it is worked out
Rules used
| Asset | Long-term after | Short-term tax | Long-term tax |
|---|---|---|---|
| Listed shares, equity funds | 12 months | 20% | 12.5% above ₹1.25 lakh |
| Land, building | 24 months | Slab | 12.5%, or 20% with indexation* |
| Gold, unlisted shares, others | 24 months | Slab | 12.5% |
| Listed bonds, gold ETFs | 12 months | Slab | 12.5% |
| Debt funds (bought from April 2023), unlisted bonds | Always short-term | Slab | — |
*Choice of 20% with indexation is only for resident individuals and HUFs on land or building bought before 23 July 2024. Under the Income-tax Act, 2025 these rates are in sections 196 (old 111A), 197 (old 112) and 198 (old 112A), and the cost inflation index is notified under section 72. Surcharge is not included. Losses: a short-term loss can be set off against any capital gain; a long-term loss only against long-term gains. Both carry forward for 8 years if the return is filed on time.
Selling property or a large holding?
The house, bond and reinvestment exemptions (old sections 54, 54EC and 54F) can bring this tax down sharply if you plan before the sale. We can work out the numbers for your case.
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