LTCG — Long-Term Capital Gains
Tax term
LTCG is the profit on an asset held beyond a threshold period — and it is taxed at a lower rate than short-term gains.
On listed equity and equity mutual funds (held over 1 year), gains above ₹1.25 lakh a year are taxed at 12.5% without indexation. The holding period and rate differ for property, gold and debt funds.
More tax terms
Section 80CSection 80C lets you deduct up to ₹1.5 lakh a year from your taxable income for specified investments and expenses — but only under the old tax regime.Section 80DSection 80D allows a deduction for health-insurance premiums — up to ₹25,000 for yourself and family, and another ₹25,000 (₹50,000 if senior citizens) for parents.STCGSTCG is the profit on an asset sold within the short-term holding period, taxed at a higher rate than long-term gains.Section 87A RebateThe Section 87A rebate cancels your income tax entirely if your taxable income is at or below a threshold — making lower incomes effectively tax-free.Standard DeductionThe standard deduction is a flat amount subtracted from salary income before tax, with no bills or proof required.HRA ExemptionHRA exemption lets salaried people who pay rent reduce their taxable income — available only under the old regime.