This calculator can be used for Capital Gain Calculation as per Income Tax law in India. It calculates the time of holding based on purchase date and sale date. Based on type of asset, holding period it calculates Short Term Capital gains and Long Term Capital Gains.
Our posts Basics of Capital Gain, Cost Inflation Index,Indexation and Long Term Capital Gains would be helpful in understanding the concepts.

I have shares of my employer company (ESOP) traded in London Stock exchange. These were purchased in Oct 2003. If I sell it now and get the money paid into my account in India what are my tax liabilities? I would appreciate your guidance.

hello sir,
i have some share of Satyam Computer which i bought sometime between 2009-2011 on avg price of 85rs, now after merger with Tech Mahindra i have got share of Tech Mahindra (on swap ratio of 17:2) (current price around 2200).
now if i sell my share, then what will be the tax liability on me on account of long term capital gain (more then 3 year)

My present taxable income is Rs. 4 lakhs till AY 2013.. I have sold a residential flat to day for Rs. 1 crore. The purchase cost of the flat is Rs. 5 lakhs in 1988-89. The present indexed cost is 25 lakhs. . I make a capital gain of Rs. 75 lakhs.

Can I opt for not using indexed cost and pay capital gain tax for 95 lakhs (1 crore minus 5 lakhs). If so what is the rate of Tax? If I use indexed cost and pay capital gain tax for Rs 75 lakhs what is the rate of tax?

Hello Shiva,
I recommend you read our article On Selling a house to find what are the tax implications and then we can discuss about the various alternatives.

My present taxable income is Rs. 4 lakhs till AY 2013.. I have sold a residential flat to day for Rs. 1 crore. The purchase cost of the flat is Rs. 5 lakhs in 1988-89. The present indexed cost is 25 lakhs. . I make a capital gain of Rs. 75 lakhs.

Can I opt for not using indexed cost and pay capital gain tax for 95 lakhs (1 crore minus 5 lakhs). If so what is the rate of Tax? If I use indexed cost and pay capital gain tax for Rs 75 lakhs what is the rate of tax?

Very helpful article. Detailed explanation is praiseworthy.
If one has salary income, Stock market derivative income and capital gains from debt and equity mutual funds, how the tax would be calculated and what ITR form will need to be filled up.
Stock market derivative income, I believe is business income and if this income is more than Capital gains income from stock and debt MFs, then will the entire income be treated as business income or the calculations have to be different for above.

My income comes to 4.5lacs and shares with short term gains of 20,000.Though my income comes below 5 lacs should i calculate 15 % tax on short term gain and 10% tax on remaining amount
or i should pay 10% tax for 4.7 lacs.please clarify.

Durga answer is based on the assumption that You have short term capital gain of Rs 20,000 from shares for which you have paid STT.
Short term capital gain on shares comes into play if you hold it for less than an year, These have to taxed at the rate of 15%.

Hi,
Good effort. Thanks
Last 2 Lines “Long Term Capital Gain without indexation:4027.2″ should have been “Long Term Capital Gain Tax without indexation:4027.2″ word Tax needs to be added. For the the last lane since the difference is negative, 20% of of -1359. would not be tax as there is nothing to tax if CG is negative……..

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I have shares of my employer company (ESOP) traded in London Stock exchange. These were purchased in Oct 2003. If I sell it now and get the money paid into my account in India what are my tax liabilities? I would appreciate your guidance.

hello sir,

i have some share of Satyam Computer which i bought sometime between 2009-2011 on avg price of 85rs, now after merger with Tech Mahindra i have got share of Tech Mahindra (on swap ratio of 17:2) (current price around 2200).

now if i sell my share, then what will be the tax liability on me on account of long term capital gain (more then 3 year)

Helo Jitendra

Thanks for the question. We have written an article on Swap Shares and Capital gain at http://www.bemoneyaware.com/blog/swap-shares-capital-gain-tax/

Hope it helps

Sir.

My present taxable income is Rs. 4 lakhs till AY 2013.. I have sold a residential flat to day for Rs. 1 crore. The purchase cost of the flat is Rs. 5 lakhs in 1988-89. The present indexed cost is 25 lakhs. . I make a capital gain of Rs. 75 lakhs.

Can I opt for not using indexed cost and pay capital gain tax for 95 lakhs (1 crore minus 5 lakhs). If so what is the rate of Tax? If I use indexed cost and pay capital gain tax for Rs 75 lakhs what is the rate of tax?

Hello Shiva,

I recommend you read our article On Selling a house to find what are the tax implications and then we can discuss about the various alternatives.

Sir.

My present taxable income is Rs. 4 lakhs till AY 2013.. I have sold a residential flat to day for Rs. 1 crore. The purchase cost of the flat is Rs. 5 lakhs in 1988-89. The present indexed cost is 25 lakhs. . I make a capital gain of Rs. 75 lakhs.

Can I opt for not using indexed cost and pay capital gain tax for 95 lakhs (1 crore minus 5 lakhs). If so what is the rate of Tax? If I use indexed cost and pay capital gain tax for Rs 75 lakhs what is the rate of tax?

Very helpful article. Detailed explanation is praiseworthy.

If one has salary income, Stock market derivative income and capital gains from debt and equity mutual funds, how the tax would be calculated and what ITR form will need to be filled up.

Stock market derivative income, I believe is business income and if this income is more than Capital gains income from stock and debt MFs, then will the entire income be treated as business income or the calculations have to be different for above.

Many thanks for your answer.

This calculator is very helpful to understand the basic tax burden applicable on a real estate transaction .

Thanks for appreciation.Glad to know you found it helpful.

Please help us by spreading word around about bemoneyaware.com

thanks…it’s nice calculator…

latestaccounting.com

My income comes to 4.5lacs and shares with short term gains of 20,000.Though my income comes below 5 lacs should i calculate 15 % tax on short term gain and 10% tax on remaining amount

or i should pay 10% tax for 4.7 lacs.please clarify.

Durga answer is based on the assumption that You have short term capital gain of Rs 20,000 from shares for which you have paid STT.

Short term capital gain on shares comes into play if you hold it for less than an year, These have to taxed at the rate of 15%.

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Thanks. It helped.

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[...] Capital Gain Calculator [...]

Hi,

Good effort. Thanks

Last 2 Lines “Long Term Capital Gain without indexation:4027.2″ should have been “Long Term Capital Gain Tax without indexation:4027.2″ word Tax needs to be added. For the the last lane since the difference is negative, 20% of of -1359. would not be tax as there is nothing to tax if CG is negative……..

Thanks for pointing out. Shall update the code soon.

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