How Much Is Capital Gains Tax 2024

How Much Is Capital Gains Tax 2024. Generally speaking, holding onto an asset for more than a year before selling results in a more favorable tax rate of 0% to 20%, whereas assets sold within a year or less of. Use our 2024 capital gains tax calculator to estimate how much you owe after selling an asset, plus tips to reduce your own taxes.

You’ll pay a tax rate of 0%, 15% or 20% on gains from the sale of most assets or investments held for more than one year. Capital gains from transfer of units of “ specified mutual fund schemes ” acquired on or after 1st april 2023 are treated as short term capital gains taxable at applicable slab.