Short Term Capital Gains Tax Rate 2024

Short Term Capital Gains Tax Rate 2024. The ltcg (long term capital gains) tax rate on equity funds is 10% on ltcg exceeding rs 1 lakh. From hiking the standard deduction limit in the new tax regime to tweaking tax slabs to simplifying capital gains tax — budget 2024 has changed a host of tax rules that will.

High income earners may be subject to an additional 3.8% tax called. This amount of ₹50,000 will be added to your taxable income, and you will have to pay tax on ₹10,50,000 at normal income tax rates.