Sold shares, mutual funds, property or gold? Check whether your gain is short-term or long-term, the exact tax payable (with the ₹1.25 lakh equity LTCG exemption applied), and how to legally reduce it.
Listed equity shares and equity mutual funds held for more than 12 months are long-term: taxed at 12.5% on gains above ₹1.25 lakh per year (Sec 112A). Held 12 months or less → short-term, taxed at 20% (Sec 111A).
Long-term after 24 months: LTCG taxed at 12.5% without indexation (for property bought before 23 July 2024, resident individuals can opt for 20% with indexation if that's lower). Short-term gains are taxed at your slab rate.
Units bought on/after 1 April 2023 are always taxed at your slab rate, whatever the holding period.
Harvest the ₹1.25L equity exemption every year, set off capital losses (ST against ST/LT; LT against LT only), and on property explore Sec 54 / 54F (reinvest in a house) or 54EC bonds. KyaTax can plan and file it for you.
Disclaimer: indicative, based on current law for resident individuals; surcharge/cess and special cases (non-residents, unlisted shares, grandfathering before 31.1.2018) not modelled.