Key Capital Gains Tax Updates in the 2024 Union Budget
The government has implemented a series of important changes to the capital gains tax system, aimed at creating a more equitable and streamlined approach.
Key Capital Gains Tax Updates
12.5%
Long-Term Capital Gains
Uniform rate for all financial and non-financial assets
20%
Short-Term Capital Gains
Increased rate for certain financial assets held less than 1 year
Get ahead of the game with the updated capital gains tax system in the 2024 Union Budget. Uncover how the new 12.5% long-term rate and 20% short-term rate impact your investments.
Exemption Limit Increased for Capital Gains
1.25L
Exemption Limit
The exemption limit for capital gains on certain financial assets has been increased to ₹1.25 lakh per year.
This move aims to provide much-needed relief to lower- and middle-income individuals, allowing them to retain a larger portion of their investment returns. The enhanced exemption limit will help offset the impact of capital gains taxes, enabling these investors to reinvest their earnings more effectively.