India Capital Gains Calculator 2021
Calculate STCG & LTCG Tax (FY 2020-21)
Introduction
🎯 What
Calculates tax liability on profits from sale of capital assets like stocks, mutual funds, and property for FY 2020-21.
👥 Who
Individual taxpayers, Investors, Property sellers, and Tax Consultants.
💡 Why
To estimate STCG and LTCG accurately with applicable indexation benefits and exemptions.
📝 Asset Details
Available for Long Term Assets (except Equity)
🧾 Tax Liability
Capital Gains Tax Rates (FY 2020-21)
| Asset Type | Holding Period | Tax Rate |
|---|---|---|
| Equity (STCG) | ≤ 12 Months | 15% |
| Equity (LTCG) | > 12 Months | 10% (Over ₹1L) |
| Property (STCG) | ≤ 24 Months | Slab Rate |
| Property (LTCG) | > 24 Months | 20% (w/ Indexation) |
| Other Assets (STCG) | ≤ 36 Months | Slab Rate |
| Other Assets (LTCG) | > 36 Months | 20% (w/ Indexation) |
Calculation Examples
Example 1: Equity LTCG
Purchase: ₹2,00,000
Sale: ₹3,50,000
Holding: 14 months (>12m = LTCG)
Net Gain: ₹1,50,000
Taxable: ₹1,50,000 - ₹1,00,000 (Exemption) = ₹50,000
Tax: 10% of ₹50,000 = ₹5,000
Example 2: Property STCG
Purchase: ₹50,00,000
Sale: ₹60,00,000
Holding: 18 months (<24m=STCG)
Net Gain: ₹10,00,000
Tax: Added to Total Income & taxed at Slab Rate
Frequently Asked Questions
Q: What is the exemption limit for Equity LTCG?
A: Long Term Capital Gains on equity shares and equity mutual funds up to ₹1 Lakh per financial year are exempt from tax.
Q: How does indexation work?
A: Indexation adjusts the purchase price of an asset to reflect inflation using the Cost Inflation Index (CII), reducing your taxable capital gains. It applies to LTCG on non-equity assets.
Q: Is Cess applicable on Capital Gains Tax?
A: Yes, a 4% Health & Education Cess is levied on the capital gains tax amount.
Disclaimer: This India Capital Gains Calculator 2021 is for informational purposes only. Actual tax liability depends on various factors including residential status, total income, and specific provisions of the Income Tax Act. Please consult a Chartered Accountant (CA) for accurate tax filing.