Short Term Capital Gains Tax 2024 India. This amount of ₹50,000 will be added to your taxable income, and you will have to pay tax on ₹10,50,000 at normal income tax rates. The standard deduction under the new tax regime has been increased from rs 30,000 to rs.

In the recent budget 2024 announcement, finance minister nirmala sitharaman proposed significant changes in the capital gains taxation regime. The long term capital gains (ltcg) tax will rise from 10% to 12.5%, and the short term capital gains (stcg) tax on certain assets will increase from 15% to.