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Clarification required on New Tax Regime, Income Tax

Issue Id: - 119626
Dated: 20-2-2025
By:- Subramanian Santhanam

Clarification required on New Tax Regime


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Whether I am eligible for 1 Lakh deduction on Capital gain if I have chosen the new tax regime. Experts kindly clarify.

Thanks.

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1 Dated: 21-2-2025
By:- SANCHIT SEHGAL

If you have chosen the new tax regime, LTCG upto Rs. 1,00,000/- is exempt on listed equity shares and mutual funds. However, effective from 23rd July, 2024, this limit has been increased to Rs. 1,25,000/-. 


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