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Section 111A short term capital gains tax on listed equity, with STT context, deductible charges and the basic exemption adjustment.
Short term capital gains on listed equity are taxed under Section 111A: shares or equity-oriented fund units held for not more than 12 months, sold on a recognised exchange with securities transaction tax paid, attract a flat 20% for transfers made on or after 23 July 2024 and 15% before that, plus surcharge and 4% cess. This calculator applies the holding-period test from your actual purchase and sale dates, deducts brokerage and transfer charges as Section 48 permits, refuses to deduct STT as Section 48 requires, and applies the basic exemption adjustment available to a resident individual whose other income falls short of the limit.
Open Short Term Capital Gains Calculator on Shares on AltFTool — it loads instantly in your browser.
Enter the values you already know.
Fine-tune the options to match your scenario.
Read the result and use it in your planning or reporting.
Picks 15% or 20% from the actual transfer date rather than assuming one rate.
Brokerage and transfer charges reduce the gain; securities transaction tax does not.
Sets the unexhausted basic exemption against the gain, as the proviso to Section 111A allows.
20% under Section 111A for transfers made on or after 23 July 2024, up from 15% before that date, plus applicable surcharge and a 4% health and education cess. The rate applies to listed equity shares and equity-oriented fund units held for not more than 12 months where securities transaction tax has been paid.
Brokerage, exchange transaction charges, stamp duty, SEBI fees and the GST on them are deductible under Section 48 as expenditure incurred wholly and exclusively in connection with the transfer. Securities transaction tax is specifically not deductible, even though paying it is what makes the concessional Section 111A rate available in the first place.
More than 12 months for listed equity shares and equity-oriented fund units. Sell on or before the 12-month anniversary of purchase and the gain is short term under Section 111A; sell after it and the gain falls under Section 112A instead. Unlisted shares have a different holding period, so this test does not apply to them.
Yes, for a resident individual or HUF. Under the proviso to Section 111A(1), if your income other than these gains is below the basic exemption limit, the unused part can be set against the short-term gains before tax is charged. Someone in the new regime with ₹2,50,000 of other income has ₹1,50,000 of unused exemption to absorb the gain. Note that the Section 87A rebate is not available against income taxed at these special rates — check your position with a chartered accountant.
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