Capital gains on shares
Sample: Ananya's broker statement for FY 2026-27, four sales. Holdings are unnamed on purpose.
₹1,25,000 of gains taxed at zero
Short and long term, losses set off, the ₹1.25 lakh exemption used, tax worked out.
| Holding | Bought | Sold | Held | Gain | Term |
|---|---|---|---|---|---|
| Listed shares, holding A | ₹1,80,000 | ₹2,95,000 | 26 mo | ₹1,15,000 | long |
| Equity fund units, holding B | ₹2,00,000 | ₹2,60,000 | 30 mo | ₹60,000 | long |
| Listed shares, holding C | ₹90,000 | ₹1,22,000 | 7 mo | ₹32,000 | short |
| Listed shares, holding D | ₹75,000 | ₹61,000 | 5 mo | (₹14,000) | short |
₹1.25 lakh exemption on long term gains
Used ₹1,25,000, left ₹0.
- Short term gains, after set off₹18,000
- Long term gains, after set off₹1,75,000
- Long term gains taxed₹50,000
- Tax on short term₹3,744
- Tax on long term₹6,500
Tax on gains, with cess₹10,244