Short term capital gain tax: Understand the current short

Understand the current short term capital gains tax in India for FY 2024-25. STCG tax rate of 20% is applicable for equity shares and equity oriented mutual funds, while other assets are taxed at income tax slab rates. Learn the holding period rules to classify short - term capital assets and how to calculate short term capital gains . Under the new tax regime for FY24-25, short - term capital gains (STCG) and long- term capital gains (LTCG) on listed equity shares, equity oriented mutual funds, and units of business trusts are treated differently. STCG, covered under Section 111A, applies when securities are held for less than 12 months. Learn everything about capital gains tax FY 2024-25. Know the types of capital gains , tax rates, long term capital gains (LTCG) tax rate, short term capital gains (STCG) tax rate, classification of long term and short term capital asset, and exemptions available to save tax on capital gains income as per the Income Tax Act. The Budget 2024-25 brought significant changes to the capital gains tax rules. The short - term capital gains tax rate under Section 111A of the Act, applicable to STT-paid equity shares, equity-oriented mutual funds, and business trust units, has increased from 15% to 20%. However, all other financial and non-financial assets will continue to be taxed at their existing rates.