Long Term Capital Gains Tax Rate 2024 Bracket

Long Term Capital Gains Tax Rate 2024 Bracket. This rate was earlier 20% with indexation. Tax rates have also changed depending on holding period.

The proviso states that in case of transfer of a long term capital asset, being land or building or both, that is acquired before 23rd july 2024, where income tax computed at the rate of 12.5% exceeds the tax computed in accordance with the provisions as they stood immediately before the amendment in finance bill, 2024, the excess shall be. The rates are 0%, 15% or 20%, depending on taxable income and filing status.