Tool

Capital gains

Computes the gain, the applicable rate, and the tax with surcharge and cess, for an individual or HUF. Applies the changed rates and holding periods for transfers on or after 23 July 2024, the indexation option for land and buildings acquired before that date, and the 15% ceiling on surcharge for gains taxed under sections 111A, 112 and 112A.

Taxpayer

Asset

Date of acquisition

Date of transfer

Cost of acquisition (₹)

Fair market value on 1 April 2001 (₹) Only if acquired before 1 April 2001. Leave 0 otherwise.

Cost of improvement (₹)

Year of improvement

Full value of consideration (₹) For land or building, the stamp duty value applies if higher and beyond the tolerance.

Expenses on transfer (₹)

Other income for the year, excluding this gain (₹) Total income from all other sources. Used only to fix the surcharge rate, which depends on total income including the gain.

Sections 111A, 112 and 112A of the Income-tax Act, 1961 as amended by the Finance (No. 2) Act, 2024; section 50AA for specified mutual funds; cost inflation index as notified; surcharge and cess at the rates in the First Schedule to the Finance Act, with the 15% ceiling on surcharge for gains under sections 111A, 112 and 112A. Marginal relief, exemptions on reinvestment under sections 54 to 54F, set-off of losses, and the first proviso to section 48 for non-residents are not computed.

Preliminary computation only; not professional advice. See the disclaimer.