Ch.8 · Capital Gains Tax on Mutual Funds · medium
What is the annual LTCG exemption limit on equity mutual funds?
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EXPLANATION
LTCG on equity mutual funds is exempt up to ₹1 lakh per financial year (pre-July 23, 2024) and ₹1.25 lakh per financial year (post-July 23, 2024 as per Finance Act 2024). Only LTCG above this threshold is taxed at 12.5%. This exemption applies to the aggregate of LTCG from all equity mutual funds and listed equity shares combined.
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