Long Term Capital Gain Tax Rate 2024

Long Term Capital Gain Tax Rate 2024. Capital gains are the profits you get when you sell an asset. The new capital gain tax regime, effective from july 23, 2024, eliminates indexation and sets a uniform tax rate of 12.5% for ltcg on all assets.

But remember, there is no change in the tax rules for debt mutual funds bought on or after april 1, 2023; Aug 22, 2024, 08:15am edt.