🇮🇳 India · Guide

Capital Gains Tax — Complete Overview

How gains from selling shares, mutual funds, property, or gold are taxed — and the holding periods that determine your rate.

FY 2025-26 · Rules effective 23 Jul 2024Last reviewed 24 Jul 2026

Holding period defines short-term vs long-term

Asset	Short-Term	Long-Term
Listed equity shares / equity mutual funds	≤ 12 months	> 12 months
Property, gold, debt funds, unlisted shares	≤ 24 months	> 24 months

Tax rates (effective since 23 July 2024)

Asset	Short-Term	Long-Term
Equity / equity mutual funds	20% flat	12.5% above ₹1,25,000 exemption/year
Property, gold, debt, unlisted shares	Taxed at your income slab rate	12.5%, no indexation

This was a major change — indexation benefit (adjusting purchase price for inflation) was removed for most assets in favor of a flat 12.5% long-term rate, with some transitional rules for property bought before 23 July 2024.

Key things to know

Long-term equity gains up to ₹1,25,000 per financial year are completely tax-free
Short-term equity gains are taxed at a flat 20% regardless of your income slab
Short-term gains on property/gold are added to your regular income and taxed at your slab rate — not a flat rate

Calculate your exact tax on a specific sale.

Use the Capital Gains Tax Calculator →

VERIFY

Transitional indexation rules for pre-July-2024 property purchases and surcharge on high gains aren't covered here. Verify with a CA before filing.