Long Term Capital Gain Tax Calculator
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- Tax Amount
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A long-term capital gain is the profit earned from the sale of an asset, such as stocks, real estate, or mutual funds, that has been held for more than 36 months. For certain assets like listed equities, this period is reduced to 12 months. The gain is taxed at a lower rate compared to short-term capital gains.
The tax on long-term capital gains is calculated by subtracting the exemption limit (if applicable) from the gain and applying the long-term capital gains tax rate. For example, in India, the first ₹1 lakh of LTCG on equity shares or equity mutual funds is exempt, and gains above this limit are taxed at 10% without indexation.
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Yes, certain exemptions are available for long-term capital gains. For instance, in India, the first ₹1 lakh of gains on listed equity shares or equity mutual funds is exempt from tax. Additionally, reinvesting the sale proceeds in specified bonds or purchasing another residential property can provide further exemptions under Section 54 and Section 54EC of the Income Tax Act.
No, losses from long-term capital gains cannot be set off against other types of income. However, they can be carried forward and set off against future long-term capital gains for up to eight assessment years.
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