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Capital Gains Tax Calculator
In the Union Budget 2024, Finance Minister Nirmala Sitharaman lowered the Long Term Capital Gains Tax (LTCG) on property sales from 20% to 12.5%. However, the budget also removed the indexation benefit for real estate. Previously, indexation allowed property owners to adjust the purchase price for inflation, thereby reducing taxable profits. Essentially, it simplifies the tax process but may lead to higher tax outflows for sellers.
You can use our calculator below to understand the old and new tax computation in your property capital gains tax.
