LTCG on Equity Mutual Fund — कर Above ₹1.25 लाख
Bought equity MF for ₹5 लाख, sold at ₹8 लाख after 18 महीने: gain ₹3 लाख. LTCG exemption: ₹1.25 लाख. करable LTCG: ₹1.75 लाख. कर at 12.5%: ₹21,875. Net लाभ after कर: ₹2,78,125.
LTCG — 12.5% above ₹1.25L
₹3,00,000
Tax Payable
₹21,875
LTCG Exemption
₹1,25,000
Tax Rate
12.5%
Long-Term Capital Gain (held 12+ months): 12.5% on gains above ₹1.25L — no indexation benefit (Budget 2024).
For listed equity shares and equity mutual funds only. Rates as per Budget 2024 (effective 23 July 2024).
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