Capital Gains Tax Rate 2024. The government raised the tax rate for equity investments held for less than one year to 20% from 15% and for shares held for more than 12 months to 12.5 percent from 10. The budget 2024 has rationalised the capital gains tax structure for all the asset classes.
The standard deduction under the new tax regime has been increased from rs 30,000 to rs. The long term capital gains (ltcg) tax will rise from 10% to 12.5%, and the short term capital gains (stcg) tax on certain assets will increase from 15% to 20%.