Capital Gains Exemption For 2024. Under the recent budget 2024, the exemption limit for capital gains has been raised to rs 1.25 lakh annually, a significant increase from the earlier limit of rs 1 lakh. A hike has been announced in the limit capital gains exemption limit to rs 1.25 lakh per year.
Budget 2024 has increased the limit of exemption of capital gains on listed equity and equity oriented mutual funds to rs 1.25 lakh per annum from the existing rs. In simple terms, this capital gains tax exclusion enables homeowners who meet specific requirements to exclude up to $250,000 (or up to $500,000 for married.
