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Calculate Taxable Value of LTCG on Securities

Calculate Taxable Value of LTCG and income tax liability as per provisions of Budget Proposals 2018 on Long Term Capital Asset which is an equity share in a company or an equity oriented fund or a unit of a business trust. Direct tax proposals for 2018-19 have introduced 10% Tax on such LTCG exceeding ₹ 1 lac subject to various conditions.

Internet Explorer users : Please enter date in 'YYYY/MM/DD' or 'YYYY-MM-DD' format only else the calculator will not function correctly.

Number of rows (Number of transactions. Change as required.)
No. of Scrips
(N)
Purchase Price
(PP)
Date of Purchase
(DoP)
Fair Market Value
(FMV)
Sale Price
(SP)
Date of Sale
(DoS)
LTCG
(LTCG)
LTCG Taxable Value
(TV)
    Total (Taxable Value is Net of Loss during the year)
Income Tax Liability on Taxable Value of LTCG

Information about the Calculator

  1. No. of rows for Calculation :

    Enter the number of rows depending upon the number of scrips names / codes, different dates of sale / purchase etc. for which calculation is to be made by you.
  2. The information required to use the calculator:

    1. Number of Scrips (default is set as 1, you can change it)
    2. Purchase Price per scrip
    3. Date of purchase of Scrips
    4. Fair Market Value (FMV) of Scrip : As per provisions of proposed Section 12A of Income Tax act 'fair market value' means, -
      1. in a case where the capital asset is listed on any recognised stock exchange, the highest price of the capital asset quoted on such exchange on the 31st day of January, 2018:

        Provided that where there is no trading in such asset on such exchange on 31st day of January, 2018, the highest price of such asset on such exchange on a date immediately preceding the 31st day of January, 2018 when such asset was traded on such exchange shall be the fair market value.

      2. in a case where the capital asset is a unit and is not listed on a recognised stock exchange, the net asset value of such asset as on the 31st day of January, 2018.
    5. Sale Price per scrip
    6. Date of Sale of scrips
  3. Abbreviations used :

    • N - Number of Scrips;
    • PP - Purchase Price per scrip;
    • DoP - Date of Purchase;
    • FMV - Fair Market Value;
    • SP - Sale Price per scrip;
    • LTCG - Actual amount of Long Term Gain / Loss;
    • TV - Taxable Value of Long Term Gain;
  4. Calculations :

    • If Date of Sale is prior to the Date of Purchase, 'Error *' will be displayed in 'LTCG' column against the script details entered and a message reading 'Error * : Sale Date is before Purchase Date' will be displayed in red above 'Reset' and 'Submit' buttons. No further calculation will be made by the calculator.
    • If period of holding is less than 1 year, 'NA *' will be displayed in 'LTCG' column against the scrip details entered and a message reading 'NA * Holding is Less than 1 year. No LTCG.' will be displayed in red above 'Reset' and 'Submit' buttons. No further calculation will be made by the calculator.
    • Calculation in following manner will be made if period of holding is more than 1 year.
      • If Date of Sale is before 31st March 2018
        • LTCG = (SP - PP) x N
        • TV = 0
      • If Date of Sale is after 31st March 2018 and
        • SP is more than PP and SP is also more than FMV
          • LTCG = (SP - PP) x N (Gain)
          • TV = (SP - FMV) x N
        • SP is more than PP but less than FMV
          • LTCG = (SP - PP) x N (Gain)
          • TV = 0
        • SP is more than FMV but less than PP
          • LTCG = (SP - PP) x N (loss)
          • TV = 0
        • SP is less than FMV and also less than PP
          • LTCG = (SP - PP) x N (loss)
          • TV = 0
    • If total of TV (Taxable Value of LTCG) is more than ₹ 1 lac, Income Tax Liability is calculated as 10% of the amount of TV exceeding ₹ 1 lac. If Total amount of TV is less than or equal to ₹ 1 lac, the Income Tax Liability will be calculated as 0.


Updated : Sept 24, 2020
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