Madge Rosella

Current Long Term Capital Gains Tax Rate 2024 Lok. Indexation allows taxpayers to adjust the cost price of a property for inflation, effectively reducing taxable gains. With this amendment, individuals or hindu undivided families (hufs) who bought houses before july 23, 2024, can opt to pay ltcg tax under the new scheme at the rate of 12.5% without indexation.

This rate was earlier 20% with indexation. Budget 2024 has lowered the ltcg from 20 per cent to 12.5 per cent but removed the indexation benefits.