Capital Gains & F&O Tax Calculator FY 2026-27
Estimate tax on equity STCG/LTCG, debt/gold/property gains, intraday trading and F&O income for FY 2026-27 — using the post-23 July 2024 rates.
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- Live results as you type
Advanced optionsTax year, deductions and other settings (sensible defaults already applied)
Equity / Equity MF — Short-Term Gains (< 12 months): Taxed flat at 20%. Equity / Equity MF — Long-Term Gains (≥ 12 months): First ₹1,25,000/yr exempt, then 12.5%.
Trading Income (taxed at slab rate)
Speculative business income
Non-speculative business income
Debt funds, gold, property held short-term
Debt funds, gold, property held long-term — flat 12.5%
Your total tax
Your tax: ₹9,750
Capital gains tax ₹9,750 · you keep ₹1,90,250
Show calculationEvery step, the rule behind it and the official source
1. Income taxed at slab rates
- Salary and other income₹0
- Slab income₹0
2. Taxable income (slab income)
- Gross income₹0
- Standard deduction₹0
Section 19 (earlier 16(ia)): ₹75,000 in the new regime · Income Tax Dept
- Taxable income₹0
3. Income tax (slab income)
- Tax on slabs₹0
Section 202 (earlier 115BAC): new regime slab rates · Income Tax Dept
- Tax after rebate₹0
- Health & education cess₹0
4% of income tax · Income Tax Dept: Tax rates
- Total income tax₹0
4. Capital gains tax (special rates)
- Equity STCG tax₹0
Section 196 (earlier 111A): 20% on ₹0 of listed equity held under 12 months · Income Tax Dept
- Equity LTCG tax₹9,375
Section 198 (earlier 112A): 12.5% on gains above ₹1,25,000 (₹75,000 taxable) · Income Tax Dept
- Capital gains tax before cess₹9,375
- Health & education cess₹375
4% of the tax · Income Tax Dept: Tax rates
- Capital gains tax₹9,750
5. Total tax
- Tax on slab income₹0
- Capital gains tax₹9,750
- Total tax₹9,750
6. After tax
- Total income₹2,00,000
- Total tax₹9,750
- Income after tax₹1,90,250
Each line is rounded for display, so adding the rounded lines can differ from the total by 1.
Full breakdownTables, chart and tax-saving tips
Regular / Trading Income (Slab Tax)
Other income + Intraday + F&O + Other short-term gains.
Tax on Regular Income
₹0
Capital Gains Tax (Special Rates)
No rebate (Section 156 (earlier 87A)) or standard deduction applies here.
Tax on Capital Gains
₹9,750
| Gross Total Income | ₹2,00,000 |
| Total Tax Liability | ₹9,750 |
| Net Income After Tax | ₹1,90,250 |
How Capital Gains & F&O Are Taxed in India
Following the Union Budget amendment effective 23 July 2024, listed equity shares and equity mutual funds held for less than 12 months attract Short-Term Capital Gains (STCG) tax under Section 111A at a flat 20%, up from the earlier 15%. Gains on the same assets held for 12 months or more are taxed as Long-Term Capital Gains (LTCG) under Section 112A at 12.5%, but only on the amount exceeding a ₹1,25,000 exemption per financial year (raised from ₹1,00,000). Other long-term assets — debt mutual funds, gold, and property — are now taxed at a flat 12.5% without indexation benefit, while short-term gains on these assets continue to be added to your regular income and taxed at your slab rate.
Intraday and F&O trading are not capital gains at all — they are business income. Intraday equity trading is speculative business income, while Futures & Options (F&O) trading is non-speculative business income. Both are added to your other income and taxed at your normal slab rate, and losses can only be set off against specific categories of income under the Income Tax Act. Active F&O traders should also track their trading turnover, which is worked out differently from the value of contracts traded. A tax audit under Section 63 (earlier 44AB) applies once business turnover crosses ₹1 crore, or ₹10 crore if cash receipts and payments are each 5% or less. Declaring profit below the presumptive rates of Section 58 (earlier 44AD) can also trigger an audit, so check your case with a chartered accountant before filing.
Note: The rebate (Section 156 (earlier 87A)) does not apply to tax computed on equity STCG (Section 196 (earlier 111A)) or LTCG (Section 198 (earlier 112A)), though these gains still count towards the total-income limit for the rebate. This calculator does not account for surcharge on high incomes, loss set-off/carry-forward, or indexation on pre-23-July-2024 property sales. If your other income is below the basic exemption limit, part of your equity gains can be absorbed by the shortfall (Sections 196(2) and 198(2)); that is not modelled either — consult a CA for those scenarios.
Your salary is taxed at slab rates alongside these gains: compare regimes for it with the old vs new tax regime calculator.
Estimates for FY 2026-27 (Tax Year 2026-27) under the Income-tax Act, 2025; capital gains rates are the same in both years. Not a substitute for professional tax advice.
How the capital gains & F&O tax calculator works
Income from shares and trading is not taxed in one way. Some of it is added to your salary and taxed at slab rates; some is taxed at a flat special rate. The calculator sorts each amount into the right bucket for FY 2026-27, works out both parts and adds the 4% cess.
- 1
Add up income taxed at slab rates
Salary and other income, F&O profit (non-speculative business income), intraday profit (speculative business income) and short-term gains on debt funds, gold or property are added together. Tax on this total is worked out under the regime you pick, with the standard deduction and the Section 156 (earlier 87A) rebate where it applies.
- 2
Tax equity short-term gains at a flat rate
Gains on listed shares and equity mutual funds held for 12 months or less are taxed at 20% under Section 196 (earlier 111A), whatever your slab.
- 3
Apply the LTCG exemption, then 12.5%
For listed equity held more than 12 months, the first ₹1,25,000 of gains in the year is exempt and the rest is taxed at 12.5% under Section 198 (earlier 112A). Long-term gains on other assets such as gold or property are taxed at 12.5% under Section 197 (earlier 112), without that exemption.
- 4
Add cess and total it
4% health and education cess is added to the capital gains tax. The rebate limit is checked on total income including these gains, and the rebate never reduces tax on them, so they stay taxable even when your slab income is covered. The total is slab tax plus capital gains tax.
Worked example: the same ₹5,00,000 profit, four ways
A salaried person with ₹20,00,000 of salary in the new regime makes an extra ₹5,00,000 in the year. The table shows how much extra tax (including cess) that profit costs, depending on where it came from.
| Source of the profit | How it is taxed | Extra tax |
|---|---|---|
| F&O trading | Slab rate (business income) | ₹1,27,400 |
| Shares held 12 months or less | 20% flat | ₹1,04,000 |
| Gold or property, long term | 12.5% flat | ₹65,000 |
| Shares held more than 12 months | 12.5% above ₹1,25,000 | ₹48,750 |
The same profit costs ₹1,27,400 as F&O income but only ₹48,750 as long-term equity gains, because F&O profit is stacked on top of a ₹20,00,000 salary and taxed at the highest slabs it reaches. Holding shares past 12 months saves ₹55,250 here compared with selling earlier.
Who should use this calculator
- Salaried investors who sold shares or equity mutual funds during the year and want to know the tax before filing.
- F&O and intraday traders who need to see how trading profit adds to their slab tax.
- Anyone deciding whether to sell now or wait until a holding crosses 12 months.
- Salaried people with investment income, since salary TDS does not include tax on capital gains.
What this calculator doesn't cover
- In the old regime the ₹12,500 rebate is applied to slab tax only; the calculator does not set it against tax on short-term equity gains.
- Losses. Enter net gains only; set-off and carry-forward of capital, speculative or F&O losses are not calculated.
- Surcharge. It applies only above ₹50 lakh of income, and on equity gains it is capped at 15%; the calculator does not add it.
- Unused basic exemption. If your other income is below the basic exemption limit, a resident can set the unused part against equity gains; the calculator taxes the gains in full.
- Working out the gain itself: cost of acquisition, the 31 January 2018 grandfathering rule for older shares, or indexation on property bought earlier.
- Non-residents, TDS on sales and the trading expenses you can deduct from F&O profit. Enter F&O profit after expenses.
Read next
- Capital gains tax on shares & F&O explainedRates, holding periods, losses and filing, with examples.
- Old vs new regime calculatorCheck which regime lowers the slab tax on your salary and trading income.
- CTC to in-hand salary calculatorSee the salary side: monthly take-home after PF and TDS.
- Section 156 rebate explainedWhy the ₹12 lakh rebate does not cover capital gains.
FAQ
Frequently asked questions
What is the tax rate on short-term capital gains on shares in FY 2026-27?
Short-term gains on listed equity shares and equity mutual funds (held 12 months or less) are taxed at 20% (Section 111A under the 1961 Act), for sales on or after 23 July 2024; the rate is unchanged for FY 2026-27. Add the 4% cess.
How is long-term capital gains on equity taxed?
Long-term gains on listed equity and equity mutual funds held for more than 12 months are taxed at 12.5% (Section 112A under the 1961 Act), and the first ₹1.25 lakh of such gains each year is exempt.
How is F&O trading income taxed in India?
Profit from futures and options is non-speculative business income. It is added to your other income and taxed at your slab rate, and you can deduct trading expenses. It is reported in ITR-3.
Is intraday trading income speculative?
Yes. Intraday equity trading is speculative business income, taxed at your slab rate. Speculative losses can only be set off against speculative gains and carried forward for up to four years.
How are gains on debt mutual funds taxed?
Gains on debt mutual funds bought on or after 1 April 2023 are always treated as short-term and taxed at your slab rate, regardless of how long you hold them.
Is long-term capital gain up to ₹1.25 lakh tax-free?
Yes. The first ₹1,25,000 of long-term gains on listed shares and equity mutual funds each year is exempt; the rest is taxed at 12.5%. On ₹3 lakh of LTCG you pay 12.5% on ₹1.75 lakh, which is ₹21,875, or ₹22,750 with 4% cess.
Does the ₹12 lakh rebate apply to capital gains?
No. The Section 156 rebate (earlier 87A) does not cover tax on special-rate income such as equity STCG and LTCG. Tax on these gains is always payable, and because the ₹12 lakh limit is tested on total income including capital gains, gains that take you above it also cost you the rebate on your salary tax.
Keep calculating
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