How to calculate LTCG tax?

The calculation of LTCG tax depends Read this on the type of asset and the applicable tax rate.

For equity-oriented assets like unit of equity-oriented mutual funds and shares of listed companies, the long-term capital gains tax rate is 12.5% on gains exceeding Rs. 1,25,000. Gains up to Rs. 1,25,000 are exempt from tax.

For non-equity assets like debt mutual funds, real estate properties, and gold, the LTCG tax is 12.5% without indexation. Indexation was used to help adjust the purchase price of the asset for inflation, reducing the taxable gains.

How to calculate capital gains for NRIs
Non-Resident Indians (NRIs) are permitted to invest in Indian capital markets as long as they possess a PAN card and complete their eKYC verification. The tax liability for NRIs in India depends on their residential status for the financial year, as outlined by income tax regulations. If classified as a ‘resident,’ an individual’s global income is taxable in India. However, if classified as an ‘NRI,’ only the income earned or accrued within India is taxable.

Types of Taxable Income for NRIs in India:
Salary earned in India or from services rendered within India
Income from house property located in India
Capital gains from the transfer of assets situated in India
Interest from fixed deposits or savings accounts in India
Recent Changes in Tax Rates for NRIs on Capital Gains
In the Union Budget 2024-25, the Indian government proposed revisions to the tax rates on certain capital gains for NRIs. These changes aim to align the tax treatment of NRIs with that of resident investors. The revised tax rates apply to transfers made on or after July 23, 2024.