SWP Tax Calculator: FIFO Capital Gains on Every Withdrawal
The only Indian SWP calculator that actually computes the tax. See which withdrawals are short-term, which are long-term, and your real net-in-hand for FY2025-26.
First-In-First-Out Redemption Model: Withdrawal-Level Capital Gains Tax
How a Systematic Withdrawal Plan Is Actually Taxed in India
When you set up a Systematic Withdrawal Plan, you are instructing the mutual fund to sell a fixed rupee value of units every month and credit the proceeds to your bank account. This is the retiree favourite in India because it turns a lumpsum into a monthly salary while the rest of the money stays invested and keeps growing.
What most people never see, because no popular calculator shows it, is the tax mechanics running underneath. This SWP tax calculator exists to make that invisible layer visible.
Here is the part that trips up almost everyone. Your monthly withdrawal of Rs 45,000 is not Rs 45,000 of taxable income. If the units you redeemed to raise that Rs 45,000 originally cost Rs 25,000, then only Rs 20,000 is a capital gain, and only that Rs 20,000 can be taxed.
The Rs 25,000 is simply your own money coming back to you. This is why a Systematic Withdrawal Plan crushes a fixed deposit on tax efficiency. In an FD, the entire interest is taxable at your slab rate, which can be 30% plus surcharge and cess. In an SWP, only the gain slice is taxed, and for equity funds it is taxed at concessional capital gains rates.
The gain slice itself splits into two tax buckets. If the units sold were held for twelve months or less, the profit is a Short-Term Capital Gain, taxed under Section 111A at a flat 20% for equity funds after the Budget 2024 change effective 23 July 2024.
If the units were held for more than twelve months, the profit is a Long-Term Capital Gain, taxed under Section 112A at 12.5%, but only on the amount above a Rs 1.25 lakh annual exemption. You can verify these provisions on the Income Tax Department capital gains page.
Consider what this means for a typical Indian household planning retirement income. A couple in Chennai with a Rs 80 lakh equity corpus wants Rs 50,000 a month to cover living costs. In a fixed deposit at 7%, that income would be pure interest, fully taxable, and at a 30% slab they would lose close to Rs 1.8 lakh a year to tax on the interest alone. Running the same income as a Systematic Withdrawal Plan from an equity fund, only the gain slice of each withdrawal is taxed, and much of it either sits in the long-term 12.5% band or disappears under the Rs 1.25 lakh exemption. The tax difference over a twenty-year retirement can run into tens of lakhs, money that stays invested and compounds instead of leaking to the exchequer.
The reason this works is structural, not a loophole. A withdrawal is a redemption of capital, and Indian tax law only taxes the gain on capital, not the return of capital itself. A dividend or interest payment, by contrast, is treated as income in your hands and taxed in full. So the same rupee of cash flow is taxed very differently depending on whether it arrives as a redemption or as income. This is the quiet engine behind why sophisticated retirees and their advisers almost always prefer an SWP to a dividend payout or an interest-bearing deposit once the corpus is large enough.
There is a behavioural benefit layered on top of the tax one. Because an SWP leaves the untouched portion of your corpus invested, it keeps compounding while you draw an income, whereas a fixed deposit locks the whole sum at a flat rate and a dividend option forces distributions on the fund’s schedule rather than yours. You decide the amount, the frequency and the duration, and you can pause or adjust at any time. That control, combined with the tax efficiency this calculator quantifies, is why the Systematic Withdrawal Plan has become the default retirement-income structure recommended across the Indian advisory community.
For debt funds and other specified non-equity funds bought on or after 1 April 2023, the rules are harsher. Under Section 50AA, the entire gain is added to your income and taxed at your slab rate regardless of how long you held the units.
There is no long-term concession, no Rs 1.25 lakh exemption, and no indexation. This single change, buried in the Finance Act 2023, is why so many retirees have quietly shifted their SWP corpus from debt funds into equity-oriented and hybrid funds. If you run a debt-fund SWP in this calculator, you will see the slab-rate hit for yourself.
Why Do Your First SWP Withdrawals Cost More Tax
First-In-First-Out is the single most important idea in SWP taxation, and it is the reason a flat corpus calculator can never tell you your real tax.
Under FIFO, whenever you redeem units, the tax office assumes you sold your oldest units first. Your holding period and your cost of acquisition for that withdrawal are pulled from those oldest units, not an average and not the newest ones.
Each withdrawal redeems the oldest units first
The fund does not sell a random slice. It sells the units that entered your folio earliest. Those carry the longest holding period and usually the lowest purchase NAV, so they show the largest gain per unit.
Holding period decides the rate for that slice
If those oldest units have crossed twelve months, the gain is long-term at 12.5%. If not, it is short-term at 20% for equity. The calculator checks this month by month, so you see exactly where the boundary falls, and it colours the crossover on a visual timeline in the results panel.
The gain migrates from short-term to long-term over time
If you start withdrawing soon after investing, your first twelve withdrawals are short-term and taxed at the higher 20%. As FIFO works through the older units, later withdrawals become long-term at 12.5%. This crossover is a real, plannable event.
The annual exemption applies to the long-term pool
Every financial year, the first Rs 1.25 lakh of long-term equity gains is exempt. The calculator tracks this per financial year and only taxes the excess, which is why the exact month your SWP starts changes your bill.
To see FIFO at the unit level, imagine you bought 10,000 units at Rs 100 in January, worth Rs 10 lakh. By the following March the NAV has climbed to Rs 130. You begin a Systematic Withdrawal Plan of Rs 26,000 a month. In the first month, Rs 26,000 divided by Rs 130 redeems exactly 200 units. Those 200 units are your oldest, bought at Rs 100, so their cost is Rs 20,000 and the gain is Rs 6,000. Because they were held only two months, that Rs 6,000 is short-term and taxed at 20%. Month after month, FIFO keeps eating into that original January lot, and every one of those units carries the same low Rs 100 cost, producing a steady gain per withdrawal until the lot is exhausted.
Now fast forward. Once you cross the twelve-month mark from that January purchase, the very same units, still being redeemed in FIFO order, suddenly qualify as long-term. Nothing about the units changed, only the calendar did, yet the tax rate on their gain drops from 20% to 12.5% and the annual exemption begins to shelter them. This is the crossover the calculator pinpoints. It is not a gradual blend but a clean switch that happens the month your oldest surviving units complete one year. Knowing that date lets you time larger withdrawals to land on the cheaper side of it.
This progression is counter-intuitive and practically important. A retiree who begins a Systematic Withdrawal Plan immediately after investing pays 20% on the first year of gains, then watches the rate drop to an effective 12.5% or lower as the long-term exemption absorbs later gains.
A retiree who waits twelve months before the first withdrawal skips the short-term phase entirely. That single timing decision, which this tool lets you test in seconds, can save tens of thousands of rupees. For a deeper look at how the same rule applies to lumpsum sales, see our capital gains indexation calculator.
Capital Gains Tax Rates for SWP Redemptions, FY2025-26
The table below is the exact rate card the calculator applies. Every figure is drawn from the Income-tax Act as amended by the Finance (No.
2) Act 2024 and the Finance Act 2023, current for the 2025-26 financial year. The pivot date of 23 July 2024 changed equity rates, so any calculator or article still quoting 15% short-term or 10% long-term is out of date.
| Fund type | Holding period | Classification | Tax rate | Section |
|---|---|---|---|---|
| Equity or equity-oriented (65%+ equity) | 12 months or less | STCG | 20% flat | 111A |
| Equity or equity-oriented | More than 12 months | LTCG | 12.5% above Rs 1.25L per year | 112A |
| Debt fund bought on or after 1 Apr 2023 | Any period | Deemed short-term | Slab rate | 50AA |
| Debt fund bought before 1 Apr 2023 | More than 24 months | LTCG | 12.5% without indexation | 112 |
| Hybrid with 35% to 65% equity | More than 24 months | LTCG | 12.5% without indexation | 112 |
| Gold, international and fund-of-funds | Varies by acquisition date | Varies | Slab or 12.5% | 50AA / 112 |
Non-resident investors face a different administrative reality even when the headline rates match. For NRIs, the fund house deducts TDS on every SWP redemption before the money reaches the account, at 20% on short-term equity gains and 12.5% on long-term equity gains, with no benefit of the basic exemption limit adjustment that residents can sometimes claim. Where a tax treaty between India and the investor’s country of residence offers a lower rate, the NRI must furnish a tax residency certificate and the relevant declarations to claim it. Because TDS is withheld at source, an NRI running an SWP effectively pre-pays the tax each month and reconciles any excess when filing an Indian return, a cash-flow drag that residents do not experience.
Surcharge deserves a word too. For most retirees drawing a modest SWP, surcharge never bites, because it only applies once total income crosses Rs 50 lakh. But for high-net-worth individuals, the law caps the surcharge on capital gains under Sections 111A and 112A at 15%, even if their other income would attract 25% or 37% surcharge. This cap is a deliberate relief for equity investors and means the effective ceiling on long-term equity gains stays modest. The calculator focuses on the core rate and cess, which covers the vast majority of retiree situations, and flags where professional advice is warranted for larger or non-resident cases.
Two riders sit on top of these rates. A health and education cess of 4% applies to the tax, which the calculator includes.
Surcharge can apply to very high incomes, but for capital gains under Sections 111A and 112A the surcharge is capped at 15%. Importantly, the Section 87A rebate that makes income up to Rs 12 lakh tax-free under the new regime does not apply to these special-rate capital gains, so even a low-income retiree pays LTCG above the Rs 1.25 lakh exemption. You can confirm the surcharge and cess treatment on the Income Tax Department rate pages.
It helps to place the SWP tax treatment side by side with the two income routes it competes against, the fixed deposit and the dividend or IDCW option. The comparison below assumes a 30% slab investor drawing the same Rs 6 lakh of annual cash flow, and it shows why the redemption structure of an SWP wins so decisively for anyone in a higher bracket.
| Income route | What is taxed | Rate applied | Approx tax on Rs 6L cash flow |
|---|---|---|---|
| Fixed deposit interest | Entire interest amount | Slab, up to 30% plus cess | Around Rs 1,87,200 |
| IDCW dividend option | Entire dividend | Slab, up to 30% plus cess | Around Rs 1,87,200 |
| SWP from equity fund (long-term) | Only the gain slice above Rs 1.25L | 12.5% plus cess | Often under Rs 20,000 |
| SWP from post-2023 debt fund | Entire gain slice | Slab, up to 30% plus cess | Depends on gain, no exemption |
The numbers are illustrative, since the exact SWP figure depends on how much of each withdrawal is gain versus returned capital, which is precisely what this calculator computes for your own inputs. But the direction is unmistakable. For a large equity corpus, the SWP route can be an order of magnitude cheaper on tax than either an FD or a dividend payout delivering the same monthly income. The debt-fund SWP, by contrast, loses its edge entirely for post-2023 purchases, collapsing back to slab-rate treatment. This is the single most important fund-selection decision a retiree makes, and it is why the calculator asks you to choose the fund type before anything else.
Three Worked Examples: SWP Tax Across Real Retiree Situations
Numbers make this concrete. Each example below runs through the same FIFO engine the calculator uses, with figures verified in testing. Notice how the fund type, the holding period at the start, and the calibration of the withdrawal amount completely change the final tax.
Anand retired last year with an equity fund he had held for 18 months. His corpus is Rs 50 lakh, bought at a NAV of 100 that has since grown to 180.
He sets up a Systematic Withdrawal Plan of Rs 45,000 a month and models one year of withdrawals at an 11% expected return. Because every unit was already held beyond twelve months before his first withdrawal, FIFO classifies all twelve withdrawals as long-term.
Of his Rs 2.53 lakh long-term gain, the first Rs 1.25 lakh is exempt, leaving Rs 1.28 lakh taxable at 12.5%, which is Rs 16,110 plus 4% cess, so Rs 16,755 for the year.
On Rs 5.4 lakh of income that is an effective rate of roughly 3.1%. A fixed deposit paying the same income would have taxed the entire interest at his slab.
Ravi could not wait. He invested Rs 25 lakh at a NAV of 100, and because he needed income at once, he began a Rs 30,000 monthly Systematic Withdrawal Plan straight away, with the NAV at 105.
He models 24 withdrawals at a 12% return. FIFO makes the first twelve withdrawals short-term, taxed at 20%, because those oldest units had been held twelve months or less. From withdrawal thirteen onward, the same oldest units have crossed the one-year mark, so every remaining withdrawal flips to long-term at 12.5%.
His entire two-year tax bill is only Rs 7,139, almost all of it from the short-term phase, because his long-term gains stayed within the Rs 1.25 lakh yearly exemption. The calculator draws the crossover as a visual timeline, red for the short-term stretch and green for long-term, so Ravi can literally see the month his SWP becomes more tax-efficient.
Rajesh has Rs 40 lakh and is in the 30% tax slab. He is deciding whether to run his Systematic Withdrawal Plan from a post-2023 debt fund or an equity fund.
Both were bought at a NAV of 100, now 150, held 24 months, and he plans Rs 30,000 a month for a year at an 8% return. The gain portion works out to about Rs 1.28 lakh either way. The tax could not be more different.
The debt fund taxes the whole Rs 1.28 lakh at his 30% slab under Section 50AA, a bill of Rs 40,018 with cess. The equity fund treats the same gain as long-term, exempts the first Rs 1.25 lakh, and taxes the tiny remainder, just Rs 424.
Same corpus, same withdrawal, same year, and the equity route saves Rajesh nearly Rs 40,000. This is the decisive insight for any retiree in a higher bracket.
Read across these three people and a pattern emerges. Anand shows that patience before the first withdrawal keeps everything long-term. Ravi shows that starting early is not fatal, but it front-loads the 20% short-term phase, and the pain ends at a knowable crossover month. Rajesh shows that the fund wrapper matters more than almost anything else once you are in a higher slab. None of these lessons are visible in a conventional SWP calculator that only projects corpus depletion. They emerge only when the tax engine runs withdrawal by withdrawal, which is exactly what this tool does.
Expert Tips to Cut the Tax on Your Withdrawals
None of the tips below require aggressive planning or grey-area manoeuvres. They are straightforward, legal levers that flow directly from how the FIFO rule and the annual exemption work. Applied together, they can take a retiree from paying the full 20% short-term rate on early withdrawals to paying almost nothing, entirely within the four corners of the Income-tax Act. The order matters too, so read them as a sequence rather than a menu.
Start the SWP after twelve months
Wait until your units cross the one-year mark before the first withdrawal. Every redemption then qualifies as long-term at 12.5% instead of short-term at 20%, and the annual exemption kicks in.
Calibrate to stay under Rs 1.25 lakh
If your yearly long-term gain sits at or below Rs 1.25 lakh, you pay zero LTCG. Size your withdrawal so the gain portion, not the whole payout, stays within the exemption.
Prefer equity over post-2023 debt
If you are in the 20% or 30% slab, an equity-fund SWP taxed at 12.5% long-term beats a debt-fund SWP taxed at full slab. The Kolkata example above shows a near Rs 40,000 gap.
Split a large one-off across two years
Need a big lumpsum on top of your SWP? Take half in March and half in April. You get two separate Rs 1.25 lakh exemptions across two financial years instead of one.
Harvest gains up to the free limit yearly
Even if you do not need the cash, redeeming enough each year to use the full Rs 1.25 lakh exemption resets your cost basis tax-free and lowers future taxable gains.
Set off capital losses
Short-term losses offset both short and long-term gains, and long-term losses offset long-term gains. Unused losses carry forward eight years if you file your ITR on time.
SWP Tax at a Glance
Keep this table handy when you sit down to plan the year. It condenses the entire rate structure and the FIFO mechanics into the nine facts that actually change your bill. If you remember only one line, make it this: an SWP is taxed on the gain inside the withdrawal, not the withdrawal itself, and the rate depends on how long the oldest units were held.
| Question | Answer for FY2025-26 |
|---|---|
| What is taxed in an SWP? | Only the capital gain inside each withdrawal, not the full amount |
| Equity STCG rate | 20% flat, holding 12 months or less, Section 111A |
| Equity LTCG rate | 12.5% above Rs 1.25 lakh per year, holding above 12 months, Section 112A |
| Debt fund (post Apr 2023) | Slab rate on entire gain, Section 50AA, no exemption |
| Annual LTCG exemption | Rs 1.25 lakh per financial year, equity only |
| Which units sell first? | Oldest units, First-In-First-Out |
| Cess | 4% health and education cess on the tax |
| TDS for residents? | No TDS on SWP payouts; report in ITR |
| TDS for NRIs? | Yes, 20% STCG and 12.5% LTCG withheld at source |
SWP Tax: Frequently Asked Questions
Is the entire SWP withdrawal taxable, or only part of it?
Only the capital gain portion of each withdrawal is taxable, never the full amount. When you withdraw Rs 45,000, the fund redeems units, and part of that Rs 45,000 is simply your original invested money coming back to you, which is not taxed at all.
Only the profit those units earned is a capital gain. This is the core reason a Systematic Withdrawal Plan is far more tax-efficient than a fixed deposit, where every rupee of interest is taxable.
What is the FIFO rule and why does it matter for SWP?
First-In-First-Out means that when you redeem units, the tax office treats your oldest units as sold first. This decides both the holding period and the cost of acquisition for that withdrawal.
It matters because your oldest units usually have the longest holding period and the lowest purchase price, so early withdrawals may qualify as long-term while later ones stay short-term, or the reverse if you started the SWP soon after buying. FIFO is why an average-based calculator cannot give you the right tax.
What are the equity SWP tax rates for FY2025-26?
For equity and equity-oriented funds, short-term capital gains on units held twelve months or less are taxed at a flat 20% under Section 111A. Long-term capital gains on units held more than twelve months are taxed at 12.5% under Section 112A, but only on the amount exceeding Rs 1.25 lakh in a financial year.
These rates took effect on 23 July 2024 through Budget 2024. A 4% cess applies on top. Any source still quoting 15% short-term or 10% long-term is outdated.
How are debt fund SWPs taxed after April 2023?
Debt funds and other specified funds bought on or after 1 April 2023 are taxed under Section 50AA. The entire gain is added to your income and taxed at your slab rate, no matter how long you held the units.
There is no long-term concession, no Rs 1.25 lakh exemption, and no indexation benefit. For someone in the 30% slab this is a heavy hit, which is why many retirees now prefer equity-oriented or hybrid funds for their Systematic Withdrawal Plan. If you are still holding a legacy debt fund bought before April 2023, those older units may still enjoy the earlier long-term treatment, so check the purchase date on your statement before assuming the harsher Section 50AA rule applies to your entire holding.
Can I run an SWP with zero tax?
Yes, and it is a common goal. If your equity fund units are all long-term and your total long-term capital gain for the financial year stays at or below Rs 1.25 lakh, you pay no long-term tax at all.
In practice this means calibrating your withdrawal so the gain portion, not the full payout, stays under the exemption. For a corpus that has grown moderately, this can support a meaningful monthly income entirely tax-free. Use the calculator to find the withdrawal amount that lands you at zero. As a rough anchor, if your fund generates roughly Rs 8,000 to Rs 10,000 of gain per month, your annual long-term gain lands near Rs 1 lakh, safely inside the exemption, and you owe nothing while still drawing a real monthly income from the corpus.
Why do my first withdrawals get taxed more heavily?
If you start the Systematic Withdrawal Plan soon after investing, FIFO redeems units that have not yet completed twelve months, making the gain short-term at 20%. As the plan runs and those oldest units cross the one-year mark, later withdrawals become long-term at 12.5% and start using the annual exemption.
So the effective tax rate on your SWP typically falls over time. The calculator shows this crossover month explicitly, which lets you plan around it.
Is TDS deducted on my SWP payouts?
For resident Indian investors, no TDS is deducted on SWP redemptions. The full withdrawal is credited to your bank account, and you are responsible for reporting the capital gains in your income tax return using the capital gains statement from the fund house.
For non-resident investors, TDS does apply at 20% on short-term gains and 12.5% on long-term gains, withheld before the payout reaches your account. The calculator flags this when you select NRI status.
Does the Rs 1.25 lakh exemption apply per fund or overall?
The Rs 1.25 lakh long-term exemption applies to your total long-term equity gains across all equity investments in a financial year, not separately for each fund, folio or AMC. This includes gains from equity mutual funds and directly held equity shares.
So if you already used part of the exemption on another sale, less is available for your SWP. The calculator applies the exemption per financial year, and you should account for other equity sales when planning.
How does the financial year affect my SWP tax?
The Rs 1.25 lakh exemption resets every financial year on 1 April. This means the month you start your Systematic Withdrawal Plan changes how the exemption is spread.
An SWP that runs across two financial years gets two separate exemptions. This is also why staggering a large one-off withdrawal across March and April, the end of one year and the start of the next, can double your exempt amount. The calculator lets you set the start month so this is modelled correctly. In practice, a retiree whose birthday income needs fall in the March-April window has a natural opportunity to split withdrawals and claim two exemptions, an easy saving that requires nothing more than a few weeks of timing.
SWP versus IDCW dividend option, which is better on tax?
For most investors in higher brackets, an SWP from an equity fund held over twelve months is more tax-efficient than the IDCW dividend option. IDCW distributions are added to your income and taxed at your full slab rate, which can be 30%, and may attract TDS above Rs 5,000.
An SWP is taxed only on the capital gain portion at concessional 12.5% long-term rates with the annual exemption. Our dividend tax calculator lets you compare the IDCW route directly.
Can I set off capital losses against SWP gains?
Yes. Short-term capital losses can be set off against both short-term and long-term capital gains. Long-term capital losses can only be set off against long-term capital gains.
If you have booked losses elsewhere in the same financial year, they reduce your taxable SWP gains rupee for rupee. Unused losses can be carried forward for up to eight assessment years, provided you file your income tax return on or before the due date. This is a powerful lever for retirees with a mixed portfolio.
What holding period makes equity gains long-term?
For equity and equity-oriented mutual funds, units must be held for more than twelve months to qualify as long-term. Twelve months or less is short-term.
For debt funds bought before 1 April 2023, the threshold was twenty-four months, but post-2023 debt funds have no long-term category at all under Section 50AA. Hybrid funds with 35% to 65% equity use a twenty-four-month threshold. The calculator applies the correct threshold based on the fund type you select.
Does the Section 87A rebate cover my SWP tax?
No. The Section 87A rebate, which makes income up to Rs 12 lakh tax-free under the new regime, does not apply to capital gains taxed at the special rates under Sections 111A and 112A.
This means even a retiree with low total income still pays 12.5% on long-term equity gains above the Rs 1.25 lakh exemption, and 20% on short-term equity gains. Many people are caught out by this, expecting the rebate to shield their SWP gains. It does not.
How accurate is this SWP tax calculator?
The calculator uses a genuine FIFO engine that classifies every withdrawal by its actual holding period, applies the correct 2025-26 rates for equity and debt, tracks the Rs 1.25 lakh exemption per financial year, and adds 4% cess.
It assumes a single lumpsum investment lot and a constant expected return for projection, which is a simplification since real NAVs fluctuate. Treat the output as a well-grounded estimate for planning, not a substitute for your actual capital gains statement at redemption.
Should I withdraw monthly, quarterly or annually for tax?
Frequency does not change the total gain over a year, but it can affect which units fall into which holding period. More frequent withdrawals redeem older units sooner, which can shift the short-term to long-term crossover slightly.
The bigger tax lever is the total annual withdrawal and whether you started before or after the twelve-month mark. Choose a frequency that matches your income needs, then use the calculator to fine-tune the amount for tax efficiency. For most retirees a monthly SWP is simplest to budget around, and the tax difference between monthly and quarterly withdrawals over a full year is usually small enough that convenience should win.
How do I report SWP capital gains in my ITR?
Download the capital gains statement from your fund house or registrar, which lists each redemption with its holding period and gain. Report short-term equity gains under Section 111A and long-term equity gains under Section 112A in the capital gains schedule of your ITR.
The updated forms require you to segregate transactions before and after 23 July 2024. If your only long-term gain is under Rs 1.25 lakh with no carried-forward losses, you may be able to use the simpler ITR forms. When in doubt, consult a tax professional.
Does an SWP deplete my corpus faster because of tax?
Because SWP tax is low, especially for long-term equity gains, it barely dents your corpus compared with the withdrawal itself. The real depletion risk comes from withdrawing more than your fund earns, not from tax.
If your withdrawal rate exceeds your return, the corpus shrinks regardless of tax. A common guideline is to keep annual withdrawals near 4% to 5% of the corpus. To plan the sustainability side rather than the tax side, use our SWP planner calculator.
Related Calculators You May Find Useful
Disclaimer and Editorial Transparency
This SWP tax calculator is an educational planning tool, not tax advice. It assumes a single investment lot, a constant expected return, and the equity FIFO holding-period rules in force for FY2025-26.
Real mutual fund NAVs fluctuate, multiple purchase lots complicate FIFO, and your actual tax depends on the capital gains statement issued by your fund house at redemption. Figures shown are estimates. Always verify with a qualified chartered accountant or tax adviser before acting.
Tax rates and rules are drawn from the Income-tax Act as amended by the Finance (No. 2) Act 2024 and the Finance Act 2023, current for the 2025-26 financial year.
Primary sources include the Income Tax Department capital gains guidance and mutual fund regulations of the Securities and Exchange Board of India. Non-resident investors should note that tax and TDS treatment can differ from the resident position shown here and should seek advice specific to their status and any applicable tax treaty. CalcWise.Finance provides tools for informational purposes and does not sell financial products or earn commissions on any fund.