Chart for Long Term Tax Rate

Chart of Income Tax Rate on Long term Capital Gain(LTCG) for Last 5 Years. Currently Income Tax rate on Long Term Gain is 20% plus 3% Education Cess and Surcharge(if Applicable). There is no Income Tax on Long term gain on equity shares on which STT is paid .i.e. Those equity shares which are sold through recognized stock exchange, then no income tax is payable on such long term gain. For Equity Shares to be treated as long term must be hold for 12 Months. Read the Meaning of Long Term for Different Assets    

Tax on LTCG2009-102010-112011-122012-132013-14
Tax rate20%20%20%20%20%
Surcharge on Individual/HUF/AOP/BOI (if net Income exceeds Rs. 10Lac)10%
Surcharge on Firm/LLP(if net income exceeds Rs. 1Crore)10%
Surcharge on Domestic Company (if net income exceeds Rs. 1 Cr.)10%10%7.5%5%5%
Education Cess & SHE Cess3%3%3%3%3%

Note :

  1. Tax on LTCG can be taken as 10% +SC+ Cess in case of transfer of listed shares/ securities units without indexation benefit.
  2. Income from LTCG is exempt in case of transfer of equity shares/units of equity oriented fund which are liable to STT.

One thought to “Chart for Long Term Tax Rate”

  1. I had purchased property on 17th April 2008 for 53,50,000/- with home loan of Rs.30,00,000/-, in joint names of my & my brother,

    We repaid full home loan in February 2013, & also will be selling the flat in March 2013 for 1,50,00,000/-

    What will be capital gain tax,

    The amount paid as interest on home loan will it be calculated in my income & not allowed as deductions for capital gain tax ?

    Please reply as soon as possible & help us in understanding the tax liability ,


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