Capital Gains Tax Calculator

When you sell or redeem mutual fund units at a profit, the gain is subject to capital gains tax. The tax rate and classification depend on the type of fund (equity or debt) and how long you held the units. Gains from short-term holdings are called Short-Term Capital Gains (STCG) and from long-term holdings, Long-Term Capital Gains (LTCG).

Per Budget 2024 (effective July 23, 2024):

• STCG (holding ≤ 12 months): 20% (up from 15%)
• LTCG (holding >12 months): 12.5% (up from 10%), with an annual exemption of ₹1.25 lakh (up from ₹1 lakh).

Surcharge and health & education cess (4%) are applicable on top of the base tax rates.

For debt mutual funds purchased on or after April 1, 2023, the favourable LTCG treatment (20% with indexation) was removed. All gains are now taxed at your applicable income tax slab rate, regardless of the holding period — similar to interest income from an FD. For units purchased before April 2023, grandfathering provisions may apply.

Yes. Short-term capital losses can be offset against both STCG and LTCG from any asset class. Long-term capital losses can only be offset against LTCG (not STCG). Unabsorbed capital losses can be carried forward for up to 8 assessment years, subject to timely filing of your income tax return.