All videos · NISM Series V-A · Chapter 8
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Equity fund LTCG tax, worked out
A ₹2,40,000 long-term gain on an equity fund: the first ₹1,25,000 is exempt, so tax is 12.5% of ₹1,15,000 = ₹14,375 plus cess.
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Worked example: Meera redeems equity fund units held for 3 years, with a gain of ₹2,40,000. The first ₹1,25,000 of long-term gains is exempt, so the taxable gain is ₹1,15,000. Tax = 12.5% × ₹1,15,000 = ₹14,375 (plus cess).
Exam trap: Gains from debt-oriented funds are taxed at the slab rate whatever the holding period. The ₹1.25 lakh exemption applies only to long-term gains on equity-oriented schemes.
