Short-Term Capital Gains (STCG) tax was hiked in Budget 2024 to 20% (up from 15%) on equity and equity-MF gains - applied to holdings sold within 12 months. Other STCG (debt MFs, property under 24 months, gold under 24 months) is taxed at your slab rate. The calculator picks the right treatment based on asset and holding period.
When to use this
Use after selling: shares held less than 12 months, equity MFs held less than 12 months (frequent traders), property flipped within 24 months, gold/bond sales within 24 months. Computes the exact STCG tax including surcharge and cess at your slab.
Frequently Asked Questions
Why did STCG go from 15% to 20%?
Budget 2024 raised the STCG rate to align it closer to slab rates (which top out at 30% + surcharge). The rationale was to discourage short-term trading and align with the LTCG rate hike to 12.5%. The change applies to gains realized on or after July 23, 2024.
Is STCG tax separate from my income tax slab?
Yes for equity STCG - flat 20% regardless of your slab. No for non-equity STCG (debt MFs, short-held property) - those are added to your total income and taxed at your slab rate (5%, 10%, 20%, 30% based on total income).
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