Is STCG added to my income for slab purposes?

It is part of total income (and can push surcharge), but it is taxed at the special 20% rate, not at slab rates.

Can I use the basic exemption limit against STCG?

Yes, for resident individuals: if other income is below the basic exemption limit, the unused portion reduces the STCG taxed at 20%.

How are short-term gains on debt funds taxed?

Debt mutual funds bought from 1 April 2023 are taxed at slab rates regardless of holding period.

Can I rely on this calculator's result for filing?

Use it as a planning estimate. The final figure depends on the tax year's rules and your exact documents, so a CA should review it before you file or pay.

Does the calculator store my data?

No. The calculation runs in your browser and nothing you type is saved. If you want a CA to review it, share your documents through our checklist-led process.

Investment calculator

STCG on Stocks Calculator

Short-term capital gains on listed shares and equity mutual funds sold within 12 months, where STT is paid, are taxed at a flat 20% under Section 111A (15% before 23 July 2024), regardless of your slab. Intraday trading is not STCG — it is speculative business income taxed at slab rates — and F&O is business income.

STCG rate (from 23 Jul 2024): 20%
Short-term if held: 12 months or less
87A rebate: Not available on STCG

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STCG on Stocks / Equity MF

Short-term capital gains @20% on listed equity held ≤ 12 months (from Jul 23, 2024).

20% STCG

Applicable for: Listed equity shares and equity MF units held for 12 months or less where STT was paid. Rate changed from 15% to 20% effective July 23, 2024 (Finance Act 2024).

Sale value (₹)

Purchase value / cost (₹)

Short-term capital gain

₹1,50,000.00

STCG tax @20%

₹30,000.00

Cess @4%

₹1,200.00

Total STCG tax

₹31,200.00

STCG u/s 111A is taxed at a flat 20% — not at slab rate. STCG loss can be set off against STCG or LTCG. No basic exemption benefit available on STCG for NRIs. Intraday trading gains are treated as business income (not STCG).

Which trades fall where

Activity	Head of income	Rate
Delivery shares/equity MF held ≤ 12 months	STCG (111A)	20%
Delivery held > 12 months	LTCG (112A)	12.5% above ₹1.25 lakh
Intraday equity	Speculative business	Slab rates
Futures and options	Non-speculative business	Slab rates
Debt MFs bought from April 2023	Deemed STCG	Slab rates

Set-off and planning

Short-term capital losses can be set off against both STCG and LTCG
Carry forward losses for 8 years if you file on time
Pay advance tax on STCG in the instalment following the sale
Low-income taxpayers can use the unexhausted basic exemption against STCG

Worked example: selling within a year

1Bought shares for ₹4,00,000 and sold after 7 months for ₹5,00,000.
2STCG = ₹1,00,000. Tax at 20% = ₹20,000, plus 4% cess = ₹800.

Tax ≈ ₹20,800.

Official sources

incometaxindia.gov.in

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