Capital Gains Tax Rates in India FY 2026-27: Shares, Mutual Funds, Property and Gold in One Table
In short
Short-term gains on listed shares and equity funds are taxed at 20% and long-term gains at 12.5% above ₹1.25 lakh a year. Land, buildings, physical gold and unlisted shares held over 24 months pay 12.5% without indexation; debt-fund units bought from 1 April 2023 are always taxed at your slab rate. This page puts the FY 2026-27 rates in one table, shows the same ₹3 lakh gain taxed four ways, recaps what Budget 2024 changed, and links to the full guide for each asset.
Equity gains are taxed at 20% when short-term and 12.5% above ₹1.25 lakh when long-term; property, gold and debt-fund units follow different holding periods and rates. This is the one-table reference for FY 2026-27 across the main asset classes, with a link to the full guide for each. Budgets 2025 and 2026 left the rates set by Budget 2024 unchanged for FY 2026-27.
Capital Gains Tax Rates by Asset, FY 2026-27
| Asset | Short-term gain taxed at | Long-term if held | Long-term gain taxed at |
|---|---|---|---|
| Listed shares and equity-oriented mutual funds | 20% | More than 12 months | 12.5% on gains above ₹1.25 lakh a year |
| Debt mutual funds bought on or after 1 April 2023 (specified funds) | Slab rate | Never; always short-term | Not applicable |
| Debt mutual funds bought before 1 April 2023 | Slab rate | More than 24 months | 12.5%, no indexation |
| Land and buildings | Slab rate | More than 24 months | 12.5%, no indexation (see the note below) |
| Physical gold and gold jewellery | Slab rate | More than 24 months | 12.5%, no indexation |
| Listed gold ETFs | Slab rate | More than 12 months | 12.5%, no indexation |
| Unlisted shares | Slab rate | More than 24 months | 12.5%, no indexation |
Add 4% health and education cess to every figure; surcharge applies on higher incomes. For land and buildings sold on or after 23 July 2024 and bought before it, a resident individual or HUF pays the lower of 12.5% without indexation and 20% with indexation. Each row is only the headline: holding-period tests, exemptions and set-off differ by asset, so use the guides listed below before you file.
The Same ₹3 Lakh Gain, Taxed Four Ways
| Where the gain came from | Taxable amount | Tax before cess | Tax with 4% cess |
|---|---|---|---|
| Equity mutual fund held over 12 months | ₹1,75,000 (after the ₹1.25 lakh exemption) | ₹21,875 | ₹22,750 |
| Land or building held over 24 months, no indexation | ₹3,00,000 | ₹37,500 | ₹39,000 |
| Physical gold held over 24 months | ₹3,00,000 | ₹37,500 | ₹39,000 |
| Specified debt fund, 30% slab | ₹3,00,000 | ₹90,000 | ₹93,600 |
The gap between the first and last rows is the point: for someone in the 30% slab the same gain costs ₹22,750 in an equity fund and ₹93,600 in a specified debt fund, because of the lower rate, the ₹1.25 lakh exemption and the holding-period rules. The table ignores surcharge, other income and exemptions such as Section 54, and the property row assumes no indexation; if indexation gives you a lower tax on a property bought before 23 July 2024, use it.
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What Changed in Budget 2024
Before the 23 July 2024 changes, equity short-term gains were taxed at 15%, long-term equity gains at 10% above ₹1 lakh, and long-term property and gold gains at 20% with indexation. Budget 2024 raised the first two to 20% and 12.5% (with the exemption at ₹1.25 lakh), cut long-term property and gold gains to 12.5% without indexation, and let property bought before 23 July 2024 use whichever of the two property methods is cheaper.
Guides for Each Asset
- Mutual funds: equity, debt, hybrid and gold funds: the fund-by-fund tax treatment, with lot-wise SIP examples.
- Tax-loss and gain harvesting: using the ₹1.25 lakh exemption and booking losses before 31 March.
- Selling property: Section 54 and 54F, 54EC bonds and the Capital Gains Account Scheme.
- Special cases: inherited property and joint ownership.
- Gold and unlisted holdings: gold jewellery, Sovereign Gold Bonds and unlisted shares.
Frequently Asked Questions
What is the capital gains tax on equity mutual funds and shares in FY 2026-27?
Did Budget 2024 remove indexation for property sales?
How are debt mutual funds taxed?
Does the ₹12 lakh zero-tax limit under the new regime apply to capital gains?
What is the grandfathering rule for equity held before 1 February 2018?
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General information, not personalised advice; rates, fees and rules change, so check the provider's own page before you act. Approval and final terms are decided by the lender or issuer. Investments in mutual funds and other market-linked products are subject to market risk. Read all scheme-related documents carefully; past performance is not indicative of future returns.
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Personal Finance Editor · 8+ years
Personal Finance Editor with 8+ years of experience in financial journalism, covering credit cards, loans, insurance, and investments for Indian consumers.
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