Capital gains tax on shares and equity mutual funds

Enter one sale of listed shares or equity mutual fund units. The calculator applies the holding period, the 1,25,000 yearly exemption, grandfathering for purchases up to 31 January 2018, surcharge and cess.

Rules: Tax years 2025-26 and 2026-27

Your numbers

What you sold

Purchase date

Sale date

From 1 April 2025.

Quantity (shares or units)

Purchase price per share or unit

Sale price per share or unit

Brokerage and charges on purchase (not STT) (optional)

Brokerage and charges on sale (not STT) (optional)

Price on 31 January 2018 (highest price, or NAV) (optional)

Only for purchases on or before 31 January 2018.

Your other taxable income this year

Salary and other income after deductions. It decides the basic-exemption shelter and surcharge.

Tax regime

Nothing you enter is stored. Educational estimate, not tax advice: check your own figures with a tax professional.

Result

Fill in your numbers and press Calculate. The answer shows the formula and the rules it used.

Signed in, INDYXQUANT reads your CAS or broker statements, applies FIFO per demat and fetches the 31 January 2018 prices for every lot.

Do this with your real portfolio

The rules applied

Held more than 12 months: long term. Long-term gains on listed shares and equity funds are taxed at 12.5% on the part above 1,25,000 a year, without indexation (section 112A; section 198 of the Income-tax Act 2025 from tax year 2026-27).

Held 12 months or less: short term, taxed at 20% (section 111A; section 196 of the 2025 Act). Both rates apply to transfers from 23 July 2024 (Finance (No. 2) Act 2024).

Grandfathering, section 55(2)(ac): for shares or units bought on or before 31 January 2018, cost is the higher of the actual cost and the lower of the 31 January 2018 value and the sale value.

STT is never deductible. A resident whose other income is below the basic exemption can use the unused part against these gains. Surcharge on these gains is capped at 15%, and 4% cess is added.

Questions

What is the LTCG exemption limit on shares and equity mutual funds?

1,25,000 a year for transfers from 23 July 2024, shared across all long-term gains on listed shares, equity mutual funds and business trust units in the year. Tax is 12.5% on the excess.

What is the STCG rate on shares now?

20% for transfers on or after 23 July 2024 (it was 15% before). It applies to listed shares and equity-oriented funds held 12 months or less.

How does grandfathering work?

For holdings bought on or before 31 January 2018, the cost is the higher of what you paid and the lower of the 31 January 2018 price (highest traded price, or NAV for funds) and the sale value.

Is the 87A rebate available against these gains?

Not under the new regime: the 87A rebate does not reduce tax on gains taxed at special rates.

Sources

Rules: Tax years 2025-26 and 2026-27. This page is for education and is not tax, legal or investment advice.