Work out the tax due on investment gains and what you actually keep, with the correct treatment for equity and debt, long-term and short-term holdings.
Equity holdings of a year or more are long-term: gains above the ₹1 lakh annual exemption under Section 112A are taxed at a flat 12.5%. Equity held under a year is short-term and taxed at a flat 20%. Debt and non-equity funds lost indexation and long-term status in the 2023 Budget, so those gains are taxed at your income slab rate regardless of how long they were held.
Debt mutual funds bought on or after 1 April 2023 no longer receive indexation benefit or long-term capital gains treatment. All gains are added to income and taxed at your slab rate, which removed the main tax advantage debt funds held over fixed deposits.
No, it is a single annual limit pooled across all your equity long-term gains for the financial year, not per fund or per transaction. This calculator applies it to the gain you enter, so if you have gains elsewhere the real taxable amount will be higher.
ELSS has a three-year lock-in and the investment qualifies for Section 80C on the way in. Gains after the lock-in are treated as equity long-term gains. This calculator treats a held-to-lock-in ELSS gain as exempt, which is a simplification — in practice the ₹1 lakh pooled limit still applies across your equity gains.
This calculator is for information only and is not investment, tax, or financial advice. Figures are estimates based on the assumptions you enter and are not a guarantee of future returns. Consult a SEBI-registered adviser or a qualified tax professional before acting.