Free tool · AY 2026-27
Capital gains calculator
Tax on listed shares and equity mutual funds for AY 2026-27, at the rates that applied from 23 July 2024.
An estimate, computed in your browser — nothing you type here is sent anywhere. It applies the ordinary rules and ignores surcharge relief, set-offs and anything specific to your documents. The return we build from your Form 16 does not.
Short-term, long-term, and the ₹1.25 lakh that is free
For listed shares and equity mutual funds, the line is twelve months. Sold within a year, the gain is short-term under s.111A and taxed at 20%. Held longer, it is long-term under s.112A at 12.5%.
The first ₹1,25,000 of long-term gain in a year is exempt. That exemption is per person per year, not per scrip, and it does not carry forward — if you do not use it, it is gone.
Which shares you sold matters. If you bought the same scrip repeatedly, the law matches your sale against the earliest purchase first, so a single sale can produce both short-term and long-term gain at once. Working that out by hand across a year of trades is where most errors come from.
Anything bought before 1 February 2018 gets special treatment under s.55(2)(ac): your cost is taken as the higher of what you actually paid and the price on 31 January 2018, so gains accrued before that date are not taxed. This calculator assumes you have already worked your gains out; the full return does the matching for you from your broker file.
Common questions
Can I set a loss against a gain?
A short-term capital loss can be set against either short-term or long-term gains. A long-term loss can only go against long-term gains. Anything left over carries forward for eight years — but only if you file by the due date under s.139(1).
Does the ₹1.25 lakh exemption apply to short-term gains too?
No. It is specific to long-term gains under s.112A. Short-term gains under s.111A are taxed from the first rupee at 20%.
What about debt funds and unlisted shares?
Different rules entirely, and this tool does not cover them. Debt mutual funds bought after 1 April 2023 are taxed at slab rates regardless of holding period. Our full return handles these; this calculator is for listed equity only.
Do I need ITR-2 for this?
If you have any short-term capital gains, yes — ITR-1 cannot carry them. If your only gains are long-term under s.112A and within ₹1.25 lakh, ITR-1 is still available. We check this against your actual documents and tell you before anything is filed.
Want the exact figure, not an estimate?
Attach your Form 16 and we compute the whole return from the real document — every exemption, every deduction, both regimes, and the right ITR form.
File your return free