Working at Private Company
8637 Points
Joined December 2011
For most assets like equity shares, equity mutual funds, and equity-oriented unit-linked insurance plans (ULIPs), the long-term capital gains tax rate is 10% on gains exceeding Rs. 1 lakh. This rule was introduced in the Union Budget 2018 and is applicable from the financial year 2018-19 onwards.
For assets like debt mutual funds and real estate, the long-term capital gains tax rate is 20% on gains after allowing for indexation benefits. Indexation is a technique to adjust the purchase price of an asset for inflation, which reduces the tax liability.