What is the LTCG tax rate after Budget 2024?

Name: Vijay R Singh & Co.
Address: Office No. 4, Vishal CHSL, D Wing, Sir Mathuradas Vasanji Road, Azad Nagar, Opp. Andheri Gymkhana, Andheri East, Maharashtra, 400069, IN
Telephone: +91 98607 23959

CA Vijay R Singh, FCA
Chartered Accountant · ICAI M.No. 153926 · FRN 136869W

Short answerBudget 2024 changed long-term capital gains from 23 July 2024: listed equity and equity-fund LTCG is now 12.5% (over a ₹1.25 lakh exemption), and most other long-term assets — including property and unlisted shares — are 12.5% without indexation. Short-term gains on listed shares rose to 20%.

What changed

A single 12.5% LTCG rate across asset classes, indexation removed for most assets, the listed-equity exemption raised to ₹1.25 lakh, and STCG on listed shares up to 20%.

Property exception

Resident individuals/HUF who bought property before 23 July 2024 may still opt for 20% with indexation if it works out lower. Confirm per the current Finance Act.

NRI Taxation

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This answer is general information for NRIs, not tax advice. Tax rates, thresholds and forms change with each Finance Act — please confirm the current position for your own facts, or speak to us, before acting.