Tax on what you made (or lost) selling shares, mutual funds, gold or property, for investors without salary. Losses set off, the ₹1.25 lakh exemption and the 0% slab included.
STCG 20%: no exemption LTCG 12.5%: first ₹1,25,000 tax-free (shares & equity funds)
Equity LTCG exemption
Losses
Capital losses only reduce capital gains, never your salary or other income. Short-term losses can reduce any gain; long-term losses only long-term gains. This year's losses are used first, then older ones; whatever is left carries forward.
Tax-free 0% slab: ₹4,00,000 left of ₹4,00,000 (income + gains)
Fill in your details, then press Calculate to see the result.
This calculator is for retirees, homemakers, students, traders, freelancers and anyone else with no salary who sold shares, mutual funds, gold or property during the year. It works out the tax on those gains, with your other income such as interest, rent or pension.
Capital gains don't use the normal slabs alone. Each kind of gain has its own rate, losses can only be set off in certain ways, and part of your gains may be tax-free because of the ₹1.25 lakh equity exemption or an unused 0% slab. The calculator applies all of these in the order the law sets.
Tax for FY 2026-27 on gains from listed shares and equity funds, for a resident below 60 with no salary or other income, including cess:
| Gain | LTCG, new regime | LTCG, old regime | STCG, new regime | STCG, old regime |
|---|---|---|---|---|
| ₹2 lakh | ₹0 | ₹0 | ₹0 | ₹0 |
| ₹5 lakh | ₹0 | ₹16,250 | ₹20,800 | ₹39,000 |
| ₹10 lakh | ₹61,750 | ₹81,250 | ₹1,24,800 | ₹1,56,000 |
| ₹20 lakh | ₹1,91,750 | ₹2,11,250 | ₹3,32,800 | ₹3,64,000 |
The new regime is cheaper at every level here, because of its larger ₹4 lakh basic exemption. Splitting sales across financial years, to use the ₹1.25 lakh LTCG exemption each year, lowers the tax further.
With a salary as well, the New Regime Tax Calculator and the Old Regime Tax Calculator tax the gains on top of it.
| Kind of gain | Held for | Tax | Section (2025 Act · 1961 Act) |
|---|---|---|---|
| Listed shares, equity funds (STCG) | Up to 12 months | 20% | 196 · 111A |
| Listed shares, equity funds (LTCG) | Over 12 months | 12.5% above ₹1.25 lakh | 198 · 112A |
| Gold, property, unlisted shares (LTCG) | Over 24 months | 12.5%, no indexation | 197 · 112 |
| Listed bonds, gold ETFs (LTCG) | Over 12 months | 12.5%, no indexation | 197 · 112 |
| Debt funds bought from April 2023 | Any period | Slab rate | Normal slabs |
| Other short-term gains | Below the long-term period | Slab rate | Normal slabs |
Residents below 60 in FY 2026-27 with no salary. Tax includes 4% cess and is shown under both regimes.
| Investor | Gains before losses | New regime tax | Old regime tax |
|---|---|---|---|
| Retiree: ₹3L interest, ₹2L equity LTCG | ₹2,00,000 | ₹0 | ₹9,750 |
| Trader: ₹6L equity STCG, ₹3L equity LTCG | ₹9,00,000 | ₹64,350 | ₹95,550 |
| ₹8L rent and interest, ₹1.25L equity LTCG | ₹1,25,000 | ₹0 | ₹75,400 |
| ₹6L interest, ₹1L STCG, ₹2.5L LTCG, ₹4L short-term loss | ₹3,50,000 | ₹0 | ₹33,800 |
The retiree pays nothing in the new regime: ₹1.25 lakh of the LTCG is exempt and the rest fits in the 0% slab after the interest. The trader pays tax only on gains above the 0% slab and the exemption. The third investor's LTCG stays within the exemption, so all their tax comes from slab income. In the last case the short-term loss wipes out every gain and carries forward the rest, and the new-regime rebate covers the tax on the interest.
With no other income, up to ₹5.25 lakh in the new regime: the ₹1.25 lakh LTCG exemption plus the ₹4 lakh basic exemption. Beyond that, 12.5% plus cess:
The basic exemption can be used against gains only by residents.
Yes. The salary uses up the basic exemption, and the gains count towards the ₹12 lakh rebate limit.
For salary and gains together, use the New or Old Regime calculator.
The rates on gains are the same, so the difference comes from the 0% slab and the rebate on your other income. The new regime's larger 0% slab and ₹12 lakh rebate usually win. Switch the regime toggle to compare your own numbers.
ITR-2 if you have no business income, or ITR-3 if you do. ITR-1 and ITR-4 allow only equity LTCG up to ₹1.25 lakh and no losses. Pay advance tax on the gains if more than ₹10,000 of tax is due for the year.
Not in the new regime. Your gains count when checking the ₹12 lakh limit, but the rebate only reduces slab tax, never the tax on STCG or LTCG. In the old regime, the ₹12,500 rebate (income up to ₹5 lakh) can also reduce tax on equity STCG and other LTCG, but not on equity LTCG under 112A.
No. The rebate (87A, now section 156) is only for resident individuals. A non-resident pays slab tax from the first rupee above the 0% slab, even if total income is under ₹12 lakh.
Anything taxed at your slab rate that isn’t salary: FD and RD interest, freelance or consulting fees, family pension, or interest on an income-tax refund. Leave out tax-free income such as PPF interest, and enter share and mutual-fund gains in the capital gains section instead.
Yes. FD interest is added to your income and taxed at your slab rate, every year as it accrues, even if you haven't received it yet. The bank's 10% TDS is only an advance: claim it as a credit, and pay the rest if you're in a higher slab.
Each kind of gain has its own rate. Listed shares and equity funds held up to 12 months (STCG) pay 20%. Held longer (LTCG), they pay 12.5% on the gain above ₹1.25 lakh a year. Other long-term gains pay 12.5% without indexation, and debt-fund and other short-term gains are added to your income at slab rates. Losses are set off first, and 4% cess is added at the end.
Often not, or less than you'd think. A resident's unused 0% slab (₹4 lakh in the new regime, ₹2.5 lakh in the old below 60) can absorb STCG and LTCG too. With no other income, ₹4 lakh of equity STCG, or ₹5.25 lakh of equity LTCG including the exemption, is tax-free in the new regime.
Short-term losses can reduce any capital gain, short- or long-term. Long-term losses can only reduce long-term gains. Neither can reduce salary, interest or other income. This year's losses are set off before losses brought forward from earlier years.
Up to 8 years after the year of the loss, as long as you filed that year's return by the due date. Carried-forward losses keep their type: short-term losses still reduce any gain, long-term losses only long-term gains.
Selling equity investments held over a year and buying them back to book up to ₹1.25 lakh of LTCG, tax-free, every year. It raises your cost price, so less of the future gain is taxable. The calculator shows how much of this year's exemption is still unused.
Units bought on or after 1 April 2023 are taxed at your slab rate whatever the holding period, with no indexation. Enter those gains under "Gains taxed at slab rates".
Only when total income crosses ₹50 lakh. Surcharge on STCG and LTCG is capped at 15% even when it's higher on other income, and marginal relief applies just above each threshold.
Listed shares and equity mutual funds are long-term after 12 months. Most other assets, such as property, gold and unlisted shares, are long-term after 24 months. Debt mutual funds bought on or after 1 April 2023 are taxed at slab rates however long you hold them.
Neither. It's ₹1.25 lakh per person per year, across all your listed shares and equity funds put together. Family members each get their own, so investments held in a spouse's or parent's name have a separate exemption.
For listed shares and equity funds bought before 1 February 2018, the cost is the higher of what you paid and the price on 31 January 2018 (but not more than the sale price). Gains made before that date stay untaxed. Enter the gain worked out on that cost.
Held over 24 months, it's long-term and taxed at 12.5% without indexation, which is what this calculator uses. For land or a building bought before 23 July 2024, a resident can instead pay 20% with indexation if that's lower, so work that out separately. Reinvesting in a new home (54/54EC) can save the tax but isn't modelled here.
Losses are set off first. Long-term losses reduce long-term gains (other LTCG before equity LTCG, to keep the ₹1.25 lakh exemption for last). Short-term losses reduce any gain, in whichever order costs less tax. This year's losses go before brought-forward ones, and what's left carries forward.
Slab-rate gains join your other income and are taxed at slab rates. If that income is below the 0% slab, the unused part absorbs STCG first, then other LTCG, then equity LTCG above the ₹1.25 lakh exemption. What remains is taxed at 20% (equity STCG) or 12.5% (LTCG).
The 87A rebate tests total income including the gains. In the new regime it reduces only slab tax; in the old regime it can also reduce tax on equity STCG and other LTCG. Above ₹50 lakh, surcharge is added (capped at 15% on the gains), then 4% cess, and the total is rounded to the nearest ₹10.
Equity LTCG tax
12.5% × (equity LTCG after losses − ₹1.25L − unused 0% slab)
Equity STCG tax
20% × (equity STCG after losses − unused 0% slab)
Total tax
(slab tax + special-rate tax − rebate + surcharge) × 1.04
SIPCafe's calculators and guides are for education and planning only and are not investment, tax or legal advice. Results are estimates based on the assumptions you enter; actual returns vary and are not guaranteed. Consider speaking with a qualified financial adviser before making investment decisions. SIPCafe is not a registered investment adviser and does not recommend any specific security, fund or scheme. All investments carry market risk; read a fund's or scheme's official documents carefully before investing.
Tax figures follow the Income-tax Act rules for the tax year you select, as we read them, and simplify some edge cases (such as rare surcharge and set-off situations). Tax law changes with every Budget, so check your final numbers with a chartered accountant or the Income Tax Department's e-filing portal before you file.
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