Capital gains

Tax year 2026-27

Capital gains and advance tax calculator, and what to pay by the next date

For a resident selling shares, fund units, property, gold, bonds or crypto in tax year 2026-27: the tax on your gains after losses, the advance tax due by the next instalment, and the interest if it is missed. Runs in your browser.

Your figures

Start from a situation

Choose the case closest to yours. It fills every box below, and you can then change any of them.

What this case shows: An October gain is not due for 15 June or 15 September (s.425(4); the second proviso to s.234C(1) of the 1961 Act); 75 percent of its tax is due by 15 December.

Which situation fits you, what to choose and what to type

Pay by 15 December 2026

₹ 30,713

Then by 15 March 2027: ₹ 10,237 more.

Tax your gains add
₹ 40,950
Tax after TDS
₹ 40,950
Advance tax paid so far
₹ 0

See the full plan

The working date

Set to today when the page opens. Change it to see the plan for another date, from 1 April 2026 to 31 July 2027.

About you

Where you live for tax this year

Not sure? The residential status calculator works it out from your days in India.

Your age on 31 March 2027
Tax regime
Business or profession income

Futures and options, intraday trading, a practice or a shop all count.

Income other than capital gains

For the whole tax year, as you expect it, including the months still to come.

For the whole year, before the standard deduction; the page takes off ₹ 75,000 under the default regime and ₹ 50,000 under the old. An annuity from an insurer or from NPS goes under other income, not here.

For the whole year: bank and bond interest, rent after the 30 percent deduction, an annuity from an insurer or NPS, and any other income taxed at your slab rates.

For the whole year. Your annual information statement shows the dividends paid so far; add what you expect to March.

Your employer's contribution to your NPS account, for example.

Your sales this year

One row per sale, or one worked gain per kind of gain for each quarter from your capital gains statement: see How you have the figure.
Sale 1

A name you will recognise, such as the fund's name.

For a fund, your registrar's capital gains statement says whether the scheme is taxed as equity; use that.

A fund with at least 65 percent in listed Indian shares, or a fund of funds with at least 90 percent in an exchange-traded fund that itself holds at least 90 percent in them (s.198(8); the Explanation to s.112A of the 1961 Act); many arbitrage, balanced advantage and aggressive hybrid funds are run to meet it. Long-term after 12 months; taxed like listed shares. A debt fund of funds bought from 1 April 2023: choose Debt fund or debt ETF, from April 2023; any other fund of funds: choose Other fund units, not listed.

How you have the figure

The trade date on the contract note, or the redemption date.

The date your holding began. Inherited or a gift: the date the previous owner bought it.

Needed when the page asks the value on 31 January 2018; otherwise for your records.

The full amount received, before charges.

Brokerage and other costs of selling. Not securities transaction tax, which the Act does not allow (s.72(3)(b); the proviso to s.48 on securities transaction tax of the 1961 Act).

Left blank: taken as nil.

What you paid, with purchase costs. Inherited or a gift: the previous owner's cost.

Securities transaction tax on the sale

Charged on an exchange sale and on an equity fund redemption; an off-market sale has none.

Long-term, equity fund units with STT: gain ₹ 4,40,000.

Losses brought forward

From your last return's schedule of losses carried forward (CFL).

Tax already paid

Your salary TDS for the full year (the year-to-date TDS on your latest payslip plus the months to come, or ask payroll), TDS on interest and dividends, and TDS you expect on a sale still to come (the 1 percent a buyer deducts on property of ₹ 50 lakh or more). Your annual information statement (Form 168 under Rule 245 of the Income-tax Rules, 2026; Form 26AS for years before April 2026) shows only what has been deducted so far.

Advance tax paid

Pay by 15 December 2026

₹ 30,713

That brings your advance tax to ₹ 30,713, 75 percent of this year's tax after TDS, counting the gains made up to that date.

Then by 15 March 2027: ₹ 10,237 more.

Paying ₹ 40,950 by 15 December 2026 meets the target however the relief for later gains is read. The ₹ 30,713 above takes each gain's tax as due from the instalment after it, at that instalment's percentage; on a stricter reading, with all of a gain's tax due at the first instalment after it (s.425(4); the second proviso to s.234C(1) of the 1961 Act), leaving the ₹ 10,237 gap unpaid by then would lose the relief on 15 June and 15 September, ₹ 735 in interest.

Tax your gains add₹ 40,950

Your gains add ₹ 40,950 to this year's tax. The rest, ₹ 1,50,800, is the tax on your other income, which your TDS of ₹ 1,50,800 covers.

Tax on the year₹ 1,91,750
TDS and TCS for the year₹ 1,50,800
Tax after TDS₹ 40,950
Advance tax paid so far₹ 0
Next instalment15 December 2026, in all₹ 30,713
Computed in this browser tab. Your figures are not sent anywhere.

01 / Advance tax, s.408 and s.425

The instalments, and the interest on each

Each due date asks for its share of the year's tax after TDS, counting the gains made by that date; a gain's tax is due from the instalment after it. The 31 March row is the whole year's tax after TDS.

Advance tax by each due date: the tax counting the gains made by then, what is due, what is paid, and the interest
Due dateTax on the year, counting gains made by thenOf which your gains addDue by thenPaid by thenShortfallInterest runs onInterest
15 June 2026Passed₹ 1,50,800₹ 0₹ 0₹ 0₹ 0₹ 0₹ 0
15 September 2026Passed₹ 1,50,800₹ 0₹ 0₹ 0₹ 0₹ 0₹ 0
15 December 2026Next₹ 1,91,750₹ 40,950₹ 30,713₹ 0₹ 30,713₹ 30,700Not yet due
15 March 2027To come₹ 1,91,750₹ 40,950₹ 40,950₹ 0₹ 40,950₹ 40,900Not yet due
31 March 2027To come₹ 1,91,750₹ 40,950₹ 40,950₹ 0₹ 40,950NoneNone

Interest already fixed on earlier instalments: nil, if the tax on the gains made after them is paid in full by 31 March 2027 (s.425(4); the second proviso to s.234C(1) of the 1961 Act); ₹ 735 if it is not.

If nothing more is paid by 15 December 2026, interest on that instalment is ₹ 921 (s.425(1); s.234C of the 1961 Act): 3 percent of ₹ 30,700, the ₹ 30,713 shortfall rounded down to a multiple of ₹ 100 (Rule 269(c) of the Income-tax Rules, 2026; Rule 119A(c) of the 1962 Rules).

If nothing more is paid this year, interest comes to ₹ 3,701: ₹ 2,065 under s.425 (s.425(1); s.234C of the 1961 Act), with the relief for later gains lost because their tax was not paid by 31 March, and ₹ 1,636 under s.424 (s.424; s.234B of the 1961 Act) at 1 percent a month on ₹ 40,900 from April to July 2027, if the balance is paid with your return by 31 July 2027.

One note on the relief for later gains
  • The relief for later gains assumes they could not have been estimated before they arose, which is what limb (a) of the relief asks (s.425(4); the second proviso to s.234C(1) of the 1961 Act); a sale you had already agreed may not meet it.

02 / Set off, s.108 and s.111

Your gains, after losses

Gains and losses by group, after set off, and the tax on each
GroupGainsLossesAfter set offTax on it, before rebate, surcharge and cess
Long-term, listed equity with STT₹ 4,40,000₹ 0₹ 4,40,000₹ 39,375

03 / The working

Each sale, line by line

Each line with the section it comes from, the Income-tax Act, 2025 first and the 1961 Act beside it.

Sale 1: Equity fund units

Long-term, equity fund units with STT: gain ₹ 4,40,000.

The working for sale 1
The working for sale 1, with the provision for each line
LineProvisionAmount
Sale values.72(1); s.48 of the 1961 Act₹ 10,40,000
Less: sale expensess.72(1); s.48 of the 1961 Act₹ 0
Less: costs.72(1); s.48 of the 1961 Act₹ 6,00,000
Gains.72(1); s.48 of the 1961 Act₹ 4,40,000

04 / Before you pay

Points to check

Nothing on these figures needs a warning.

05 / Excel and PDF

The plan as a file

Download this working

The file holds the figures entered, each sale's working, the set off, the instalments and the interest, the quarter table and the basis. It is made in this browser from the figures showing; nothing is uploaded.

06 / Your return and the next challan

Take this to your CA

The figures and facts a CA needs for the next challan and for Schedule CG of your return. Bring your broker's and registrar's capital gains statements with it.

Tax year and Act
2026-27, the Income-tax Act, 2025 as amended by the Finance Act, 2026
Residence and age
Resident, under 60 on 31 March 2027
Regime used
The default regime
Business or profession, and the return due date
None; return due 31 July 2027 (s.263(1)(c), as substituted by the Finance Act, 2026; s.139(1) of the 1961 Act)
Sale 1: Equity fund units
Equity fund or equity ETF units; entered as: sale figures; sold 12 October 2026, bought 5 June 2022; 4,000 units; sale value ₹ 10,40,000; sale expenses left blank, taken as nil; cost ₹ 6,00,000; STT on the sale: yes; Long-term, listed equity with STT; gain ₹ 4,40,000
Gains by group after set off
Long-term, listed equity with STT: ₹ 4,40,000
Tax on the year
₹ 1,91,750
Tax your gains add
₹ 40,950
TDS and TCS for the whole year
₹ 1,50,800
Tax after TDS
₹ 40,950
Advance tax paid
None
What to pay, and by when
Pay by 15 December 2026: ₹ 30,713. Then by 15 March 2027: ₹ 10,237 more.
Next instalment and target
15 December 2026: ₹ 30,713
Target on the stricter reading
15 December 2026: ₹ 40,950
Interest already fixed
Nil with the relief for later gains, ₹ 735 without it; 15 June 2026: shortfall ₹ 0, interest runs on ₹ 0, nil; 15 September 2026: shortfall ₹ 0, interest runs on ₹ 0, nil (Rule 269(c) of the Income-tax Rules, 2026; Rule 119A(c) of the 1962 Rules)
Gains by quarter band after set off, for Schedule CG, the quarter table
16 September to 15 December: Long-term, listed equity with STT: ₹ 4,40,000
Gains by quarter band, for Schedule CG

Gains after set off by the quarter they were made in: Up to 15 June; 16 June to 15 September; 16 September to 15 December; 16 December to 15 March; 16 to 31 March.

Gains after set off by the quarter they were made in: Up to 15 June; 16 June to 15 September; 16 September to 15 December; 16 December to 15 March; 16 to 31 March.
GroupUp to 15 June16 June to 15 September16 September to 15 December16 December to 15 March16 to 31 March
Short-term, listed equity with STT₹ 0₹ 0₹ 0₹ 0₹ 0
Short-term, at your slab rates₹ 0₹ 0₹ 0₹ 0₹ 0
Long-term, other assets₹ 0₹ 0₹ 0₹ 0₹ 0
Long-term, listed equity with STT₹ 0₹ 0₹ 4,40,000₹ 0₹ 0
Crypto and other virtual digital assets₹ 0₹ 0₹ 0₹ 0₹ 0

07 / Scope

What this page covers, and what it does not
  • Futures and options and intraday trading are business income: enter the year's net profit, not each trade.
  • A business loss, or a house property loss under the old regime, is not set off against your gains, though the Act allows it (s.109(1); s.71 of the 1961 Act); the page warns where that makes the tax shown higher than you owe.
  • The reinvestment exemptions for a new house or bonds (s.82; s.54 of the 1961 Act, s.85; s.54EC of the 1961 Act and s.86; s.54F of the 1961 Act) are not computed; a long-term gain on land or a building carries a warning with their dates.
  • The fair market value an unlisted share is taken at (s.79; s.50CA of the 1961 Act) is flagged, not computed, and the additional tax on a promoter's buy-back is refused.
  • Corporate actions and first in, first out from a broker's tradebook are not worked here: enter each sale with its cost already adjusted, or a worked gain from your capital gains statement.
  • There is no table of 31 January 2018 values and no list of fund schemes: enter the value and the kind of fund from your statement.
  • Non-residents, HUFs, firms and companies, and any year other than 2026-27 are not covered.
  • The relief for dividend and for business income arising for the first time (s.425(4); the second proviso to s.234C(1) of the 1961 Act) is not applied, which can only raise the interest shown.
  • Interest is worked on your estimate; the return's figures decide it.
  • Self assessment tax and interest after the return is filed are not worked.

08 / Use cases

Which situation fits you, what to choose and what to type

Seven cases, each with who it fits and what it shows. Load the one closest to you, then change any figure to your own.

  • Salaried, with an equity fund sold in October

    Loaded above

    You are salaried, your employer deducts TDS on the salary, and you sold equity fund units at a long-term gain in the middle of the year.

    An October gain is not due for 15 June or 15 September (s.425(4); the second proviso to s.234C(1) of the 1961 Act); 75 percent of its tax is due by 15 December.

    What this case enters
    Where you live for tax this year
    Resident
    Your age on 31 March 2027
    Under 60
    Tax regime
    Default regime
    Business or profession income
    None
    Salary or pension from an employer
    ₹ 18,00,000
    TDS and TCS for the whole tax year
    ₹ 1,50,800
    Sale 1: Equity fund units
    Equity fund units: sold on 12 October 2026 for ₹ 10,40,000, bought on 5 June 2022 for ₹ 6,00,000; 4,000 units.

  • Retired at 64, debt funds redeemed in August

    You are retired, resident and 60 or older, with a pension, interest and no business, and you redeemed debt funds this year.

    A resident aged 60 or more with no business or profession income pays no advance tax at all (s.403(3); s.207(2) of the 1961 Act), however large the gains. Any business or profession, F&O included, ends the exemption on this page, even one at nil profit or a loss, which the Act leaves unsettled.

    What this case enters
    Where you live for tax this year
    Resident
    Your age on 31 March 2027
    60 to 79
    Tax regime
    Work out both
    Business or profession income
    None
    A loss from house property this year
    No
    Salary or pension from an employer
    ₹ 6,00,000
    Interest, rent and other income
    ₹ 3,00,000
    Deductions, old regime
    ₹ 1,00,000
    TDS and TCS for the whole tax year
    ₹ 30,000
    Sale 1: Debt fund bought in March 2021
    Fund units, not listed: sold on 20 August 2026 for ₹ 26,00,000, bought on 15 March 2021 for ₹ 20,00,000.
    Sale 2: Debt fund bought in May 2023
    Debt fund units bought from April 2023: sold on 20 August 2026 for ₹ 5,90,000, bought on 10 May 2023 for ₹ 5,00,000.

  • Share trader with losses carried forward

    You trade shares and keep books, with losses carried forward from earlier returns, and you have paid some advance tax already.

    Losses brought forward set off where they give the lower tax, the other order's tax beside it (s.108 to s.111; s.70 to s.74 of the 1961 Act), and interest on each shortfall rounded down to a multiple of ₹ 100 (Rule 269(c) of the Income-tax Rules, 2026; Rule 119A(c) of the 1962 Rules).

    What this case enters
    Where you live for tax this year
    Resident
    Your age on 31 March 2027
    Under 60
    Tax regime
    Default regime
    Business or profession income
    Yes
    Accounts must be audited, under the Act or another law
    No
    Did the business make a loss this year?
    No
    Salary or pension from an employer
    ₹ 12,00,000
    Business profit
    ₹ 80,000
    TDS and TCS for the whole tax year
    ₹ 0
    Sale 1: Shares bought in January 2026
    Listed shares: sold on 20 June 2026 for ₹ 8,00,000, bought on 10 January 2026 for ₹ 6,00,000.
    Sale 2: Shares bought in November 2025
    Listed shares: sold on 15 August 2026 for ₹ 3,00,000, bought on 5 November 2025 for ₹ 2,00,000.
    Sale 3: Shares bought in 2020
    Listed shares: sold on 1 July 2026 for ₹ 4,00,000, bought on 10 February 2020 for ₹ 3,00,000.
    Sale 4: Gold ETF
    Fund units listed in India: sold on 1 July 2026 for ₹ 2,80,000, bought on 1 June 2023 for ₹ 2,00,000.
    Loss brought forward 1
    Short-term, from 2023-24, ₹ 2,50,000 left to carry; that year's return filed by its due date: yes.
    Loss brought forward 2
    Long-term, from 2018-19, ₹ 1,00,000 left to carry; that year's return filed by its due date: yes.
    Advance tax paid 1
    ₹ 15,000 on 14 September 2026.

  • Selling a flat inherited from a parent, bought in 2005

    You are selling a flat a parent bought years ago, the buyer will deduct TDS from the sale, and the sale is still to come.

    For property bought before 23 July 2024, the lower of 12.5 percent and 20 percent on the gain with indexed cost (s.197(3); the second proviso to s.112(1)(a) of the 1961 Act), and a sale planned for January that adds nothing to the advance tax until 15 March.

    What this case enters
    Where you live for tax this year
    Resident
    Your age on 31 March 2027
    Under 60
    Tax regime
    Default regime
    Business or profession income
    None
    Salary or pension from an employer
    ₹ 30,00,000
    TDS and TCS for the whole tax year
    ₹ 5,95,800
    Sale 1: Inherited flat
    Land or building: sold on 25 January 2027 for ₹ 1,20,00,000, bought on 15 August 2005 for ₹ 25,00,000; sale expenses ₹ 1,20,000; inherited or a gift, yours from 10 March 2019; stamp duty value ₹ 1,15,00,000.

  • Crypto sold at a gain and at a loss, with some shares

    You sold crypto, some at a gain and some at a loss, and some shares bought this year, beside a salary.

    Crypto gains taxed at 30 percent on their own, with the crypto loss set off against nothing and the sale expenses not deducted (s.194(1) (Table: Sl. No. 4); s.115BBH of the 1961 Act).

    What this case enters
    Where you live for tax this year
    Resident
    Your age on 31 March 2027
    Under 60
    Tax regime
    Default regime
    Business or profession income
    None
    Salary or pension from an employer
    ₹ 9,00,000
    TDS and TCS for the whole tax year
    ₹ 5,000
    Sale 1: Crypto sold at a gain
    Crypto: sold on 10 September 2026 for ₹ 4,00,000, bought on 20 January 2025 for ₹ 2,50,000; sale expenses ₹ 2,000.
    Sale 2: Crypto sold at a loss
    Crypto: sold on 12 September 2026 for ₹ 1,00,000, bought on 2 November 2025 for ₹ 1,80,000.
    Sale 3: Listed shares
    Listed shares: sold on 10 July 2026 for ₹ 2,60,000, bought on 15 January 2026 for ₹ 2,00,000.

  • Shares bought before 2018, one bought before the company listed

    You hold shares bought before February 2018, one of them in a company that listed later, and file under the old regime.

    The value on 31 January 2018 for a share listed that day, and the cost indexed to 2017-18 for one that was not (s.90(7) and s.90(8); s.55(2)(ac) of the 1961 Act).

    What this case enters
    Where you live for tax this year
    Resident
    Your age on 31 March 2027
    Under 60
    Tax regime
    Old regime
    Business or profession income
    None
    A loss from house property this year
    No
    Salary or pension from an employer
    ₹ 25,00,000
    Deductions, old regime
    ₹ 1,50,000
    TDS and TCS for the whole tax year
    ₹ 5,22,600
    Sale 1: Shares listed on 31 January 2018
    Listed shares: sold on 5 October 2026 for ₹ 6,10,000, bought on 2 March 2015 for ₹ 2,00,000; 1,000 units; listed on 31 January 2018; value on 31 January 2018 ₹ 340 a unit.
    Sale 2: Shares bought before the company listed
    Listed shares: sold on 5 October 2026 for ₹ 4,00,000, bought on 10 May 2016 for ₹ 1,00,000; not listed on 31 January 2018.

  • Salaried, an SIP fund redeemed in September

    You invested in a fund every month and redeemed it this year, and your registrar's capital gains statement splits the gain into short-term and long-term.

    A redemption of many monthly lots entered as two worked gains from the statement, one short-term and one long-term.

    What this case enters
    Where you live for tax this year
    Resident
    Your age on 31 March 2027
    Under 60
    Tax regime
    Default regime
    Business or profession income
    None
    Salary or pension from an employer
    ₹ 14,00,000
    TDS and TCS for the whole tax year
    ₹ 81,900
    Sale 1: Index fund, short-term part
    Equity fund units: a worked gain of ₹ 60,000, short-term, sold on 25 September 2026.
    Sale 2: Index fund, long-term part
    Equity fund units: a worked gain of ₹ 2,10,000, long-term, sold on 25 September 2026.

A case loads into the working date the page is on, so a case loaded in January plans for January.

Assumptions and basis

What this calculator applied

Law applied
Tax year 2026-27, Income-tax Act, 2025, as amended by the Finance Act, 2026
Rates checked
Checked on 1 November 2026
21 notes on how the law was applied
  • The Act prescribes no order for setting losses off (s.108 to s.111; s.70 to s.74 of the 1961 Act). Each group of gains nets its own losses first, as the return form adds each group up; the rest is placed where it gives the lower tax at your figures, and the other order is shown where it changes the tax. Above ₹ 50,00,000 of income the surcharge ties the groups together, and the figure shown is the lowest tax the page found among the orders it tried.
  • The return form for 2025-26 puts both kinds of long-term gain in one 12.5 percent row; this page keeps them apart, because only listed equity with STT carries the ₹ 1,25,000 exemption.
  • A loss inside one group is netted against that group's gains first, as the return form adds each group up. The Act alone sets a loss against any other asset's gain; a filer cannot show that on the form.
  • The cost inflation index (s.72(8); the Explanation to s.48 of the 1961 Act) is CBDT's notified series, carried into the 2025 Act by s.536(2)(j). The 2026-27 figure, 384, is as reported for Notification 85/2026 (S.O. 3889(E), 15 July 2026), whose gazette copy was not read, and you can change it on the page.
  • The excess ignored for land or a building (s.197(3); the second proviso to s.112(1)(a) of the 1961 Act) is worked per property on the gain before any set off, as the return form's capital gains schedule does. For an inherited or gifted property the index runs from the year the previous owner acquired it, which rests on case law on the same words in the 1961 Act (CIT v Manjula J. Shah, Bombay High Court, 2011, as reported); the figure from the year it became yours is printed beside it where it differs.
  • Twelve months for a listed fund unit and for a REIT or InvIT unit is the likely reading of the rule for listed securities (s.2(101)(b)(i); the first proviso to s.2(42A) of the 1961 Act), which gives it to a "security listed in a recognised stock exchange in India", with "security" as in s.2(h) of the Securities Contracts (Regulation) Act, 1956. That Act's text was not re-read for this page, and the return form for 2025-26 still uses the 1961 Act's words "listed securities (other than a unit)".
  • The purchases without STT that still count are those Notification 60/2018 names (s.198(5), Notification 60/2018 carried over by s.536(2)(j); s.112A(4) of the 1961 Act). That it continues under the 2025 Act by deeming is the likely reading; which purchases it leaves out (preferential issues, most off-market purchases, purchases while the company was delisted) is as reported: the notification was not read for this page.
  • Crypto gains are taxed on their own 30 percent line (s.194(1) (Table: Sl. No. 4); s.115BBH of the 1961 Act). The old regime rebate is not set against that tax, which is the cautious reading and not settled. Chapter VIII deductions are not set against those gains either: also not settled, but the return form limits them to income other than special-rate income and treats crypto gains as special-rate income.
  • The quarter bands and the rows for the excess ignored on land or a building (s.197(3); the second proviso to s.112(1)(a) of the 1961 Act) follow the return form notified for 2025-26; the forms for tax year 2026-27 are not yet notified.
  • Gains and tax are worked exactly, in paise, and not rounded to the nearest ten rupees (s.516; s.288A and s.288B of the 1961 Act); round the printed figures the way your return does.
  • A loss under another head, a business loss or a house property loss under the old regime, is not set off against the gains here, though the Act allows it (s.109(1); s.71 of the 1961 Act); where you say you have one, the page warns that the tax shown is higher than you owe.
  • The reinvestment exemptions (s.82; s.54 of the 1961 Act, s.85; s.54EC of the 1961 Act and s.86; s.54F of the 1961 Act) are not computed; a long-term gain on land or a building carries a warning with their dates.
  • Each 1961 Act section printed beside a 2025 Act section is the one ICAI's tabular mapping of the two Acts pairs with it. That mapping goes section by section, so where a sub-section, clause, proviso or Explanation within a 1961 Act section is named, it is matched by its words and is as reported: the 1961 text was not re-read for this page.
  • The instalment targets follow the reading the return form's quarter table is built for: each gain's tax is due from the instalment after it arose, at that instalment's percentage, which is also how the advance tax page dates its relief (s.425(4); the second proviso to s.234C(1) of the 1961 Act). That the department computes the interest this way is as reported; the return form only collects the gains by quarter. A stricter reading of limb (b), the whole tax on a gain at the first instalment after it, is shown with what it would cost where it asks more.
  • The relief for later gains assumes they could not have been estimated before they arose, which is what limb (a) of the relief asks (s.425(4); the second proviso to s.234C(1) of the 1961 Act); a sale already agreed before an instalment may not meet it.
  • Interest on a shortfall in the year's advance tax (s.424; s.234B of the 1961 Act) runs from April 2027 to your return's due date, 31 July, 31 August or 31 October 2027 by your business answers (s.263(1)(c), as substituted by the Finance Act, 2026; s.139(1) of the 1961 Act), with the balance assumed paid with the return; after 31 March 2027 the page counts to the working date instead.
  • Every advance tax figure is worked by the advance tax page's own engine, in whole rupees: a part month is counted as a month (Rule 269(b) of the Income-tax Rules, 2026; Rule 119A(b) of the 1962 Rules) and each amount interest runs on is rounded down to a multiple of ₹ 100 (Rule 269(c) of the Income-tax Rules, 2026; Rule 119A(c) of the 1962 Rules). A year the advance tax page can take, with all its gains in one quarter band, gives the same figures there.
  • The safe harbour (s.425(2); the first proviso to s.234C(1) of the 1961 Act) is read instalment by instalment, as the 1961 proviso was: payments of 12 percent of the year's tax after TDS by 15 June, or 36 percent by 15 September, spare that instalment alone.
  • The senior citizen exemption from advance tax (s.403(3); s.207(2) of the 1961 Act) reaches a resident who is 60 or more at any time during the tax year (s.2(100)), which is the same as 60 or older on 31 March 2027, and who has no business or profession income. For a resident aged 60 or more, a business or profession at nil profit or a loss is not settled under the senior citizen exemption (s.403(3); s.207(2) of the 1961 Act). Read literally, the exemption still applies, because no income is chargeable under the head "Profits and gains of business or profession", and no advance tax or interest is due. Read the way the Supreme Court, as reported, read a loss as minus income in CIT v. Harprasad & Co. (1975) 99 ITR 118, the exemption does not apply, and this page follows that cautious reading. Ask your CA which applies.
  • TDS and TCS are the whole year's as you expect them, including TDS on a sale still to come (s.405; s.209 of the 1961 Act): the one line the advance tax page also takes against the tax.
  • The relief for dividend and for business income arising for the first time (s.425(4); the second proviso to s.234C(1) of the 1961 Act) is not applied, which can only raise the interest shown.
The Income-tax Act, 2025 (No. 30 of 2025), Gazette of India ExtraordinaryThe Finance Act, 2026 (No. 4 of 2026), Gazette of India Extraordinary CG-DL-E-31032026-271439, assent 30 March 2026The Income-tax Rules, 2026, G.S.R. 198(E)ITR-2 for assessment year 2026-27, as notified

This is a working estimate, not advice, and it will not cover every case. Rates and thresholds change. Check the figure against the law as it stands before you rely on it or sign anything. All calculators

Questions this page answers

Six questions, answered from this page's basis

How is capital gains tax calculated on shares and mutual funds in 2026-27?

Listed shares and equity funds sold with STT are taxed at 20 percent short-term (s.196; s.111A of the 1961 Act) and, after 12 months, 12.5 percent above ₹ 1,25,000 a year (s.198; s.112A of the 1961 Act), a share only if bought with STT or in a purchase the notification spares. Debt funds bought from April 2023 pay slab rates. A ₹ 4,40,000 long-term equity fund gain adds ₹ 40,950.

Do I have to pay advance tax on capital gains?

Yes, where tax after TDS for the whole year is ₹ 10,000 or more (s.404; s.208 of the 1961 Act), unless you are a resident aged 60 or more without business or professional income (s.403(3); s.207(2) of the 1961 Act). A gain's tax falls due from the instalment after it: with salary TDS covering the rest, an October gain adding ₹ 40,950 asks ₹ 30,713 by 15 December.

Do senior citizens pay advance tax on capital gains?

No, a resident 60 or older without business or professional income pays none (s.403(3); s.207(2) of the 1961 Act): a retiree with ₹ 80,760 of tax after TDS on debt fund gains pays it as self assessment tax before filing, by 31 July 2027. Any business or profession, even at nil profit or a loss, brings advance tax back here, the cautious reading the advance tax calculator also follows.

Can a short-term capital loss be set off against long-term gains?

Yes: a short-term loss is set off against any capital gain, a long-term loss only against long-term gains (s.108(2); s.70(2) and s.70(3) of the 1961 Act), and the rest carries forward eight years (s.111(2); s.74(3) of the 1961 Act) on a timely return. The Act sets no order; for a trader with losses brought forward, the calculator's order gives ₹ 73,580 of tax, and listed equity first ₹ 83,980.

Is indexation still allowed when I sell a property in 2026-27?

Only for land or a building bought before 23 July 2024: a resident pays the lower of 12.5 percent and 20 percent with indexation (s.197(3); the second proviso to s.112(1)(a) of the 1961 Act). A flat a parent bought in 2005, sold for ₹ 1,20,00,000, gives ₹ 7,34,974 with indexation from the parent's year, as reported, against ₹ 11,72,500 without. Other assets get no indexation.

What does this capital gains calculator not do?

It takes futures and options and intraday trading as the year's business profit, not trade by trade, and does not set a business or house property loss off against your gains, though it warns of one. It does not compute the reinvestment exemptions for a new house or bonds, only dates them, and covers residents only, for tax year 2026-27 (FY 2026-27, AY 2027-28 under the 1961 Act's names).

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