Capital gain tax on sale of property

20% for Long Term Capital Gain

Short term Capital Gain as per slab rates

i.e. for income between 200000-500000 10%

                                   500001-1000000 20%

                                   1000001 & above 30%

Property sold within 3 years attract STCG, and beyond 3 years attract LTCG.

Following info is required.

Year of purchase, cost of purchase, year of sale and price of sale to arrive at the capital gain.

If the property is held less than 3 years then the gains are added to taxable income and taxed as per normal tax slabs.

More than 3 years, the capital gains tax would be eith 20% or 10% depending on wether indexation benefits are claimed or not.