Result
Total tax on gold sale
₹39,000
- Purchase price₹500,000
- Sale price₹800,000
- Capital gain₹300,000
- Gain typeHeld >36 monthsLong-term (LTCG)
- Tax rateLTCG post-July-2024 rule12.50%
- 4% cess₹1,500
- Net gain (after tax)₹261,000
- Effective tax rate on gain13.00%
How to use this calculator
- Enter purchase price (include making charges + GST).
- Enter sale price (net of jeweller haircut).
- Enter holding period in months.
- Choose your tax slab (for STCG only).
- Read total tax + net gain.
About this tool
Sale of physical gold in India attracts capital gains tax. Holding >36 months = LTCG at flat 12.5% + 4% cess (post-July-2024 rule; earlier was 20% with indexation). Holding <36 months = STCG at your slab rate. Making charges paid at purchase can be added to cost of acquisition. Physical gold typically loses 5-10% on resale due to jeweller's making-charge deduction — factor into sell price. Compare with Sovereign Gold Bonds where LONG-TERM capital gain at maturity is TAX-FREE under Section 47(viic) — dramatically better for long-term gold exposure.
Frequently asked
Post 23-July-2024 Union Budget: 12.5% flat + 4% cess = 13% effective. Indexation benefit REMOVED. This applies to physical gold, gold ETF, gold mutual funds. Sovereign Gold Bonds held to maturity remain fully tax-free.
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