Calculate Long Term Capital Gains tax on your equity mutual funds and stocks — updated for Budget 2024 rules. LTCG on equity: 12.5% flat rate with ₹1.25 lakh annual exemption.
Budget 2024 changed the rules for long-term capital gains on equity mutual funds. Now, any profit from equity funds held for more than 12 months is taxed at a flat 12.5% — but with a generous exemption: your first ₹1,25,000 of gains in a financial year is completely tax-free. This calculator shows you exactly how much tax you owe and how to legally minimise it.
Meena sold equity mutual fund units and made ₹3,00,000 in profit this financial year (held 2+ years).
📌 Total LTCG: ₹3,00,000
📌 Minus annual exemption: ₹1,25,000
📌 Taxable LTCG: ₹1,75,000
📌 Tax at 12.5%: ₹21,875
📌 In-hand after tax: ₹2,78,125
Tax planning tip: Meena's friend Nita has ₹4 lakh gain. She's smart — she sells ₹2.5L worth before March 31, redeeming just above the exemption. Then in April (new financial year), she redeems the remaining ₹1.5L gain and gets another ₹1.25L exemption. She saves an extra ₹15,625 by splitting across two FYs — completely legal.
The ₹1.25 lakh LTCG exemption resets every April 1. If you're a long-term SIP investor sitting on large unrealised gains, consider "harvesting" up to ₹1.25L of gains every year — sell and immediately reinvest. This resets your cost basis and uses the exemption before it expires, saving you 12.5% on ₹1.25L = ₹15,625 every year, tax-free, for life.
Confusing the 12-month holding period for SIP investors. For SIPs, each monthly instalment has its own 12-month clock. The SIP you started 14 months ago qualifies for LTCG. Last month's instalment is still STCG at 20%. If you redeem your entire SIP today, part of your gain is LTCG (12.5%) and part is STCG (20%) — the calculator handles this split automatically.
Enter your purchase value, sale value, and holding period. We'll compute the exact LTCG tax and your net take-home amount after tax.