If some has LTCG Of Rs.5 Lakh | How 12.5% is calculated
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For FY 2024-25
LTCG 10% with Rs.1L Exemption limit
Tax will be 40K.
For fy 25-26
LTCG @ 12.5% with Rs.1.25L
Tax will be 46,875...
Increasing exemption limit doest seem to benefit investor.
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12.5% is applicable from July 24 2024 , so for FY 2024-25 if 5L is sold after July 24 2024 LTCG will be 12,5%
yes mine target was 24000 for nifty almost hitted budget is not good as expected
Ltcg has gone up by 2.5% /lakh
Wavier has gone up by just 25k irrespective of quantum
so obviously your particular scenario has negative implications but for say 2 LAKH it would be lower by 600 + from previous regime....so it's subjective
Yes your case you're paying more
2.25 lakh is the breakeven point. As long as your LTCG is less than that, you're paying less tax with the new rates and waiver.
please correct me., if i am wrong @homedimer @quantum @bikidas2060 @third.i.financial.advisors