STCG Rate Change — 15% to 20% (Budget 2024)
Budget 2024 raised equity STCG from 15% to 20%. On ₹3 lakh gain: old tax ₹45,000, new tax ₹60,000 — ₹15,000 more. This applies to shares, equity MFs, and listed securities sold within 12 months.
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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