Capital gain is the net profit made from selling capital assets, such as real estate, bonds, investments, etc. The capital gain tax is a direct tax imposed on the profits earned from the sale of capital assets.
The capital assets are of two types: the short-term and the long-term, which are distinguished by their holding period. When sold, they are termed as long-term capital gains (LTCG) and short-term capital gains (STCG). LTCG and STCG both have different taxation provisions under the Income Tax Act 1961.
To calculate the short-term capital gain tax and the long-term capital gain tax, Savetaxs has designed a free and accurate Capital Gains Tax Calculator which estimates the total capital gains tax liability in seconds for NRIs.
How To Use Savetaxs Capital Gain Tax Calculator
To calculate the capital gain tax using the Savetaxs calculator, please follow the steps:
Step 1: Determine whether you are an Indian resident or an NRI.
Step 2: Now select the type of capital assets.
Step 3: Enter the purchase date of the capital assest.
Step 4: Enter the purchase amount of the capital assest.
Step 5: Enter the sale date of the capital assets.
Step 6: Enter the sale amount of the capital assest.
Step 7: Enter the transfer expenses, if any.
Step 8 (optional): Choose the applicability of indexation, which only applies to long-term capital gains.
Step 9: Click on Calculate Tax.
Step 10: The Savetaxs calculator will calculate the LTCG or the STCG tax liability in seconds and accurately.
Benefits of Using Savetaxs Capital Gains Calculator
There are numerous benefits of choosing the Savetaxs Capital Gains Calculator. A few are listed below:
Saves one's Time: The Savetaxs capital gains calculator calculates the capital gain tax liability in seconds, saving a lot of time for the user.
Unmatched Accuracy: The Savetaxs Capital Gains Calculator features a formula box where you enter all the details, including the holding period of the asset, its purchase value, and its sale value. The calculator then computes the tax liability accurately, eliminating the risk of manual errors.
Saves Tax and Money: The Savetaxs Calculator is free, with no hidden costs or subscription fees.
