Capital Gains Tax: Govt Earned Nearly Rs 99,000 Crore from Listed Equities in 2022-23

In the fiscal year 2022-23, the Indian government collected nearly Rs 99,000 crore from long-term capital gains (LTCG) tax on listed equities, marking a 15% increase from the previous year. The LTCG tax, introduced in 2018, applies a 10% rate on annual gains exceeding Rs 1 lakh. Recent budget changes include a uniform LTCG tax rate of 12.5%, an increased short-term capital gains tax rate, a higher tax-free limit, extended holding periods for long-term investments, and the removal of the indexation benefit for property transactions.