Question 1

What is a Capital Gain Tax Calculator?

Accepted Answer

The capital gain tax calculator is an online tool that helps you pay the estimated capital gain tax owed on the profits made by selling long-term and short-term capital assets.

Question 2

Who Can Use this Calculator?

Accepted Answer

Both Indian residents and non-resident Indians can use this calculator to calculate their capital gain tax liability.

Question 3

What Inputs are Required to Calculate Capital Gain?

Accepted Answer

The inputs required are: Identify the user (Indian or NRI). Type of assets. Purchase Date and Price. The sale Date and Price. Transfer expenses (If Any). Applicability of Indexation

Question 4

Does the Calculator Use Indexation Benefits?

Accepted Answer

Yes, it does use the indexation benefits for the eligible assets.

Question 5

Are Tax Rates Different for NRIs and Indians?

Accepted Answer

Yes, non-resident Indians (NRIs) are subject to a higher TDS rate and have a specific applicability

Question 6

What are the Basics of LTCG Tax Rates?

Accepted Answer

The basis of the long-term capital gains tax rates is: Listed equity, which is 10% above INR 1 lakh (no indexation) Property or other assets 20% with indexation. (12.5% Without Indexation) Rates for NRIs depend on the type of assets they hold, which might only include surcharge and cess.

Question 7

Can NRIs Use this Calculator if they have Sold Property in India?

Accepted Answer

Yes, NRIs can use this calculator if they have sold property in India.

Question 8

Does the Calculator Include Surcharge and Cess?

Accepted Answer

Yes, it does add the applicable health and education cess (4%) as well as the surcharge based on the income slab of the user.

Question 9

Why should I use Savetaxs Capital Gain Tax Calculator?

Accepted Answer

You should use Savetaxs capital gain tax calculator because it is two-in-one, which means you do not need to use the LTCG calculator and STCG calculator individually, as this calculator calculates everything in one go , eliminates the hassles of manual calculations and errors, and is high on privacy, which means your data is end-to-end encrypted.