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Calculate LTCG (Long Term Capital Gain) Tax on sale of Shares / Mutual Fund (Equity / Securities)

View BSE Highest Rates 31 Jan'18 -The fair market value / grandfathering price

Calculates LTCG (Long Term Capital Gain) Taxable Value on Selling of Shares / Equity Mutual Funds in FY 2018-19 (AY 2019-20)

Finance Minister Arun Jaitley, in his Union Budget speech, re-introduced LTCG tax on stocks. Investors will have to pay 10 per cent tax on LTCG as exceeding Rs 1 lakh made from the sale of shares or equity mutual fund schemes held for over one year. Till now, LTCG was exempt from tax. The definition of a long-term investor in stocks for tax purposes is one year, at present. LTCG tax on stocks was scrapped in 2004-05 by then finance minister LTCG tax will have to be paid on profit booked after March 31. "This means that for sale of shares made till March, the existing law will apply and this tax will not be applicable.

The following LTCG Equity Taxable Value Calculators will calculate - the taxable value of your Long Term Capital Gain (LTCG) on the selling of shares / units of equity-oriented mutual funds after 31 March 2018 over and above the "The fair market value" at Column no. 6 this the "grandfathering price" as defined in the Budget 2018 for the securities holding period is not less than a year.

Click here to know more about LTCG / The fair market value / grandfathering and Click here to View BSE Highest Rates 31 Jan'18

The Functionality and Results on Submit in this LTCG Calculator are :-

(1) ↦ Column 9 shows your Capital Gain or Loss Entered against the scrip i.e. Sale Price - Purchase Price x Number of Shares.

(2) ↦ Column 10 represnts LTCG Taxable Value against the scrip entered. Calculations reported here only In case where sale price is above purchase price and fair market value (i.e. Sale Price - Fair Makrket Value / Grandfathering price. In case Sale price is less than Fair Makrket Value (entered at column (6) the taxable value of LTCG will be treated as "Zero"; no matter if there is profit on your trade displayed at column 9 against the scrip. The scenario of such case will come when the sale price of scrip is higher than the purchase price and less than Fair Makrket Value). Also at column 10 against the scrips the taxbale value is reported as "Zero" in case where it is negative. However, such negative values are accounted for in calculating the net total of taxable value of all the trades reported at B (view point B) as the taxable value of LTCG for the year i.e. the trades entered above.

(A) ↦ Total at A displays Net total of Column 9 i.e. Net total of all Gains or Loss of trades entered. In case, the net total at A are with minus sign means there is net capital loss from all the trades entered therein, else the total represents there is net capital gain from all the trades.

(B) ↦ Total at B displays Net total of Column 10 i.e. Net total of Taxable Value of LTCG after taking into account any loss on trade enteredd therein (view point 2 above). The investors will have to pay 10 per cent tax on LTCG on the over and above of ruppes on lac. (also view point C - exemptions of rupees one lac is allowed for the profit made from the sale of shares or equity mutual fund schemes held for over one year on grandfathering price.

(C) ↦ C displays Tax on LTCG Payable @10% = (Total at B less exemption of Rs. 1 Lac) x 10%.

(Note:If you are using Internet Explorer, please enter dates manually in MM-DD-YYYY- format for correct calculation of LTCG.)

Calculate Taxable Value of LTCG Tax on Shares / Equity Mutual Fund

Enter data in applicable unshaded cells

(Grandfathering - As per Budget 2018 - "In a case where the capital asset is listed on any recognised stock exchange, the highest price of the capital asset quoted on such exchange on the 31st day of January, 2018. Provided that where there is no trading in such asset on such exchange on 31st day of January, 2018, the highest price of such asset on such exchange on a date immediately preceding the 31st day of January, 2018 when such asset was traded will be the fair market value")

Computation of Tax on Long Term Capital Gain on selling of Share and Equity Mutual Funds

In case taxable values of LTCG calculated as above of all the trades of sale of shares or equity mutual fund schemes where holding period of sold scripts is over one year as on 31.03.2018, exceeds RS. 1 lakh in a year, the investors will have to pay 10 per cent tax on above calculated taxable value of LTCG.

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