Calculation Results
Holding Period:
Type of Capital Gain:
Capital Gains Amount:
Applicable Tax Rate:
Estimated Tax Amount:
About Capital Gains Tax in India
Capital gains tax in India is governed by the Income Tax Act 1961. The tax is applicable on the profits earned from the sale of capital assets such as property, stocks, mutual funds, and gold. The tax rate depends on the holding period and type of asset.
Key Points:
- Long Term Capital Gains (LTCG) apply when assets are held for more than specified period
- Short Term Capital Gains (STCG) apply for assets held for shorter duration
- Different tax rates apply based on asset type and holding period
- Exemptions available under various sections of Income Tax Act