Short Term Capital Gains Tax 2024. Capital gains are the profits you get when you sell an asset. The standard deduction under the new tax regime has been increased from rs 30,000 to rs.

Here’s a breakdown of how capital gains are taxed for 2024. 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.