Capital Gains & F&O Tax Calculator

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 — once it crosses ₹10 crore (or ₹1 crore where cash transactions exceed 5%), a tax audit under Section 44AB becomes mandatory; below that, the presumptive taxation scheme under Section 44AD may simplify compliance.

Note: The Section 87A rebate does not apply to tax computed on equity STCG (111A) or LTCG (112A) as per current CBDT guidance. This calculator does not account for surcharge on high incomes, loss set-off/carry-forward, or indexation on pre-23-July-2024 property sales — consult a CA for those scenarios.