{"id":8988,"date":"2024-08-01T12:10:28","date_gmt":"2024-08-01T12:10:28","guid":{"rendered":"https:\/\/wp-api.pocketful.in\/blog\/?p=8988"},"modified":"2025-02-18T09:48:07","modified_gmt":"2025-02-18T09:48:07","slug":"budget-2024-changes-in-sip-taxation","status":"publish","type":"post","link":"https:\/\/wp-api.pocketful.in\/blog\/budget-2024-changes-in-sip-taxation\/","title":{"rendered":"Budget 2024: Explainer On Changes In SIP Taxation"},"content":{"rendered":"\n<p>The Mutual fund industry of India is currently valued at $0.66 trillion and is expected to grow to $1.61 trillion by 2029 in terms of assets under management (AUM). Investors are offered two modes of investment in mutual funds: <a href=\"https:\/\/wp-api.pocketful.in\/blog\/mutual-funds\/sip-vs-lump-sum\/\">Lumpsum and SIP<\/a>. The calculation of taxes payable on lump sum investments is pretty straightforward, but what about SIP investments, which are a more popular way of investing among the general public?<\/p>\n\n\n\n<p>In this blog, we will discuss the changes in STCG and LTCG tax introduced in the Budget 2024, process of calculating taxes on SIP and the impact of tax rate changes.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wp-api.pocketful.in\/blog\/budget-2024-changes-in-sip-taxation\/#What_is_Capital_Gains_Tax\" title=\"What is Capital Gains Tax?\">What is Capital Gains Tax?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wp-api.pocketful.in\/blog\/budget-2024-changes-in-sip-taxation\/#How_Will_the_SIPs_Be_Taxed\" title=\"How Will the SIPs Be Taxed?&nbsp;\">How Will the SIPs Be Taxed?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wp-api.pocketful.in\/blog\/budget-2024-changes-in-sip-taxation\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wp-api.pocketful.in\/blog\/budget-2024-changes-in-sip-taxation\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-what-is-capital-gains-tax\"><span class=\"ez-toc-section\" id=\"What_is_Capital_Gains_Tax\"><\/span>What is Capital Gains Tax?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It is a tax applicable to the profits earned from the sale of a capital asset. When you sell an asset at a price higher than initial buying price, you earn capital gains. In case of <a href=\"https:\/\/wp-api.pocketful.in\/blog\/mutual-funds-meaning-types-features-benefits-and-how-they-work\/\">mutual funds<\/a>, allotment is done based on the NAV.<\/p>\n\n\n\n<p>For example \u2013 You bought one unit of a mutual fund having NAV of 100. Your total buying was 1*100 = INR 100. Now, after some time, you sold this one unit at 150. So, you earned 50*1= INR 50, i.e., capital gains.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/07\/Capital-Gains-Tax.png\" alt=\"Capital Gains Tax\" class=\"wp-image-8994\" style=\"width:325px;height:auto\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/07\/Capital-Gains-Tax-1024x1024.png 1024w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/07\/Capital-Gains-Tax-300x300.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/07\/Capital-Gains-Tax-150x150.png 150w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/07\/Capital-Gains-Tax-768x768.png 768w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/07\/Capital-Gains-Tax-1536x1536.png 1536w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/07\/Capital-Gains-Tax-96x96.png 96w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/07\/Capital-Gains-Tax.png 2000w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>It can be of two types based on the holding period of the asset:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Long term capital gains tax is the tax applicable to the profits earned upon selling the asset after a certain time period.&nbsp;<\/li>\n\n\n\n<li>Short term capital gains tax is the tax applicable to the profits earned upon selling the asset before a certain period of time.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>The time period for equity or equity oriented mutual funds is one year, which means STCG will apply if the holding period is less than a year and LTCG if the holding period exceeds one year. Keep in mind that the time period for distinction between long term and short term varies for different assets. However, in this blog we will only deal with <a href=\"https:\/\/wp-api.pocketful.in\/blog\/equity-mutual-funds\/\">equity mutual funds<\/a> for easy understanding.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-budget-2024-update-nbsp\">BUDGET 2024 Update&nbsp;<\/h3>\n\n\n\n<p>Currently, in LTCG in equity, there is no tax till the income of one lakh; post this limit, a 10% tax is applicable without indexation benefit. In the case of STCG, there is a flat 15% tax on gains without indexation benefit.&nbsp;<\/p>\n\n\n\n<p>The budget introduced by the Government of India proposed the following changes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>LTCG for equity and equity-related instruments has been hiked from 10% to 12.5% and exemption limit has also been raised from INR 1,00,000 to INR 1,25,000<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>STCG for equity and equity-related instruments has been hiked from 15% to 20%<\/li>\n<\/ul>\n\n\n\n<p><strong>Read Also:<\/strong><a href=\"https:\/\/www.pocketful.in\/blog\/unveiling-the-budget-2024-key-takeaways\/\"> Unveiling the Budget 2024: Key Takeaways<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-will-the-sips-be-taxed-nbsp\"><span class=\"ez-toc-section\" id=\"How_Will_the_SIPs_Be_Taxed\"><\/span>How Will the SIPs Be Taxed?&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.pocketful.in\/calculators\/sip-calculator\">SIP or Systematic Investment Plan<\/a> is a type of investment plan in which an investor invests small amounts periodically instead of a lump sum investment. Each installment of a SIP is considered as a separate investment for tax purposes due to which the holding period of each installment will be different from one another. Let\u2019s understand how the SIPs will be taxed with the help of an example.<\/p>\n\n\n\n<p>Suppose Rohan started a monthly SIP of INR 1,00,000 in an equity mutual fund for 2 years, starting from 1 Aug 2024 till 1 July 2026. On 1 Aug 2024, with an SIP amount of 1,00,000 he purchased 1,000 units with an NAV of 100 (1,00,000 INR \/100 NAV = 1,000 units). With each SIP, he accumulated certain units of the mutual fund.<\/p>\n\n\n\n<p>So, after 24 months, i.e. 1 July 2026, his total value of the portfolio is app. INR 30 lakhs (investment amount = 24 lakhs, profit = 6 lakhs). Now, on 2 July 2026, he wants to sell the entire mutual fund units with an NAV of 142.<\/p>\n\n\n\n<p>Remember that, for calculation of capital gains, we use the First-in First-out (FIFO) method, i.e., the units which are purchased first assume to be sold first. As installments were invested at different points in time, we need to separate LTCG and STCG. The gains earned during the first 12 months will be termed as long term capital gains as one year is completed and gains earned in the last 12 months will be termed as short term capital gains because they are redeemed before completing one year.&nbsp;<\/p>\n\n\n\n<p><strong>Have a look at the table below:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-center\" data-align=\"center\">Sl. No.<\/th><th class=\"has-text-align-center\" data-align=\"center\">Date<\/th><th class=\"has-text-align-center\" data-align=\"center\">SIP Amount<\/th><th class=\"has-text-align-center\" data-align=\"center\">NAV<\/th><th class=\"has-text-align-center\" data-align=\"center\">Units<\/th><th class=\"has-text-align-center\" data-align=\"center\">Capital Gain<\/th><th class=\"has-text-align-center\" data-align=\"center\">Holding Period (Months)<\/th><th class=\"has-text-align-center\" data-align=\"center\">STCG<\/th><th class=\"has-text-align-center\" data-align=\"center\">LTCG<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">1<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Aug-24<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">100<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">42,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">23<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><td class=\"has-text-align-center\" data-align=\"center\">42,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Sep-24<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">105<\/td><td class=\"has-text-align-center\" data-align=\"center\">952<\/td><td class=\"has-text-align-center\" data-align=\"center\">35,238<\/td><td class=\"has-text-align-center\" data-align=\"center\">22<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><td class=\"has-text-align-center\" data-align=\"center\">35,238<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">3<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Oct-24<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">98<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,020<\/td><td class=\"has-text-align-center\" data-align=\"center\">44,898<\/td><td class=\"has-text-align-center\" data-align=\"center\">21<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><td class=\"has-text-align-center\" data-align=\"center\">44,898<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">4<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Nov-24<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">106<\/td><td class=\"has-text-align-center\" data-align=\"center\">943<\/td><td class=\"has-text-align-center\" data-align=\"center\">33,962<\/td><td class=\"has-text-align-center\" data-align=\"center\">20<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><td class=\"has-text-align-center\" data-align=\"center\">33,962<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">5<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Dec-24<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">103<\/td><td class=\"has-text-align-center\" data-align=\"center\">971<\/td><td class=\"has-text-align-center\" data-align=\"center\">37,864<\/td><td class=\"has-text-align-center\" data-align=\"center\">19<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><td class=\"has-text-align-center\" data-align=\"center\">37,864<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Jan-25<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">105<\/td><td class=\"has-text-align-center\" data-align=\"center\">952<\/td><td class=\"has-text-align-center\" data-align=\"center\">35,238<\/td><td class=\"has-text-align-center\" data-align=\"center\">18<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><td class=\"has-text-align-center\" data-align=\"center\">35,238<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">7<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Feb-25<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">109<\/td><td class=\"has-text-align-center\" data-align=\"center\">917<\/td><td class=\"has-text-align-center\" data-align=\"center\">30,275<\/td><td class=\"has-text-align-center\" data-align=\"center\">17<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><td class=\"has-text-align-center\" data-align=\"center\">30,275<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">8<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Mar-25<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">107<\/td><td class=\"has-text-align-center\" data-align=\"center\">935<\/td><td class=\"has-text-align-center\" data-align=\"center\">32,710<\/td><td class=\"has-text-align-center\" data-align=\"center\">16<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><td class=\"has-text-align-center\" data-align=\"center\">32,710<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">9<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Apr-25<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">111<\/td><td class=\"has-text-align-center\" data-align=\"center\">901<\/td><td class=\"has-text-align-center\" data-align=\"center\">27,928<\/td><td class=\"has-text-align-center\" data-align=\"center\">15<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><td class=\"has-text-align-center\" data-align=\"center\">27,928<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">10<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-May-25<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">104<\/td><td class=\"has-text-align-center\" data-align=\"center\">962<\/td><td class=\"has-text-align-center\" data-align=\"center\">36,538<\/td><td class=\"has-text-align-center\" data-align=\"center\">14<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><td class=\"has-text-align-center\" data-align=\"center\">36,538<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">11<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Jun-25<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">112<\/td><td class=\"has-text-align-center\" data-align=\"center\">893<\/td><td class=\"has-text-align-center\" data-align=\"center\">26,786<\/td><td class=\"has-text-align-center\" data-align=\"center\">13<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><td class=\"has-text-align-center\" data-align=\"center\">26,786<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">12<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Jul-25<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">107<\/td><td class=\"has-text-align-center\" data-align=\"center\">935<\/td><td class=\"has-text-align-center\" data-align=\"center\">32,710<\/td><td class=\"has-text-align-center\" data-align=\"center\">12<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><td class=\"has-text-align-center\" data-align=\"center\">32,710<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">13<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Aug-25<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">99<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,010<\/td><td class=\"has-text-align-center\" data-align=\"center\">43,434<\/td><td class=\"has-text-align-center\" data-align=\"center\">11<\/td><td class=\"has-text-align-center\" data-align=\"center\">43,434<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">14<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Sep-25<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">108<\/td><td class=\"has-text-align-center\" data-align=\"center\">928<\/td><td class=\"has-text-align-center\" data-align=\"center\">31,725<\/td><td class=\"has-text-align-center\" data-align=\"center\">10<\/td><td class=\"has-text-align-center\" data-align=\"center\">31,725<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">15<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Oct-25<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">118<\/td><td class=\"has-text-align-center\" data-align=\"center\">847<\/td><td class=\"has-text-align-center\" data-align=\"center\">20,339<\/td><td class=\"has-text-align-center\" data-align=\"center\">9<\/td><td class=\"has-text-align-center\" data-align=\"center\">20,339<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">16<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Nov-25<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">119<\/td><td class=\"has-text-align-center\" data-align=\"center\">840<\/td><td class=\"has-text-align-center\" data-align=\"center\">19,328<\/td><td class=\"has-text-align-center\" data-align=\"center\">8<\/td><td class=\"has-text-align-center\" data-align=\"center\">19,328<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">17<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Dec-25<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">121<\/td><td class=\"has-text-align-center\" data-align=\"center\">826<\/td><td class=\"has-text-align-center\" data-align=\"center\">17,355<\/td><td class=\"has-text-align-center\" data-align=\"center\">7<\/td><td class=\"has-text-align-center\" data-align=\"center\">17,355<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">18<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Jan-26<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">124<\/td><td class=\"has-text-align-center\" data-align=\"center\">806<\/td><td class=\"has-text-align-center\" data-align=\"center\">14,516<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><td class=\"has-text-align-center\" data-align=\"center\">14,516<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">19<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Feb-26<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">134<\/td><td class=\"has-text-align-center\" data-align=\"center\">746<\/td><td class=\"has-text-align-center\" data-align=\"center\">5,970<\/td><td class=\"has-text-align-center\" data-align=\"center\">5<\/td><td class=\"has-text-align-center\" data-align=\"center\">5,970<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">20<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Mar-26<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">132<\/td><td class=\"has-text-align-center\" data-align=\"center\">758<\/td><td class=\"has-text-align-center\" data-align=\"center\">7,576<\/td><td class=\"has-text-align-center\" data-align=\"center\">4<\/td><td class=\"has-text-align-center\" data-align=\"center\">7,576<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">21<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Apr-26<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">127<\/td><td class=\"has-text-align-center\" data-align=\"center\">787<\/td><td class=\"has-text-align-center\" data-align=\"center\">11,811<\/td><td class=\"has-text-align-center\" data-align=\"center\">3<\/td><td class=\"has-text-align-center\" data-align=\"center\">11,811<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">22<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-May-26<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">135<\/td><td class=\"has-text-align-center\" data-align=\"center\">741<\/td><td class=\"has-text-align-center\" data-align=\"center\">5,185<\/td><td class=\"has-text-align-center\" data-align=\"center\">2<\/td><td class=\"has-text-align-center\" data-align=\"center\">5,185<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">23<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Jun-26<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">135<\/td><td class=\"has-text-align-center\" data-align=\"center\">741<\/td><td class=\"has-text-align-center\" data-align=\"center\">5,185<\/td><td class=\"has-text-align-center\" data-align=\"center\">1<\/td><td class=\"has-text-align-center\" data-align=\"center\">5,185<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">24<\/td><td class=\"has-text-align-center\" data-align=\"center\">01-Jul-26<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">140<\/td><td class=\"has-text-align-center\" data-align=\"center\">714<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,426<\/td><td class=\"has-text-align-center\" data-align=\"center\">0<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,426<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Total<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>24,00,000<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>21,127<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>6,00,000<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>1,83,852<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>4,16,148<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>He sold the entire holding with an applicable NAV of 142 on 2 July 2026, which earned him INR 6 lakhs as capital gains. Here,&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Short term capital gains = INR 1,83,852<\/li>\n\n\n\n<li>Long term capital gains = INR 4,16,148<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-tax-calculation-nbsp\">Tax Calculation&nbsp;<\/h3>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/07\/Tax-Calculation-.png\" alt=\"Tax Calculation\u00a0\" class=\"wp-image-8997\" style=\"width:328px;height:auto\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/07\/Tax-Calculation--1024x1024.png 1024w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/07\/Tax-Calculation--300x300.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/07\/Tax-Calculation--150x150.png 150w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/07\/Tax-Calculation--768x768.png 768w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/07\/Tax-Calculation--1536x1536.png 1536w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/07\/Tax-Calculation--96x96.png 96w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/07\/Tax-Calculation-.png 2000w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Now, we will calculate the tax on the capital gains made by him.&nbsp;<\/p>\n\n\n\n<p><strong>Based on tax rates before Budget 2024:<\/strong><\/p>\n\n\n\n<p>LTCG after deduction = INR 4,16,148 &#8211; INR 1,00,000 = INR 3,16,148<\/p>\n\n\n\n<p>LTCG tax rate = 10%<\/p>\n\n\n\n<p>LTCG taxes = 10% * 3,16,148 = INR 31,615<\/p>\n\n\n\n<p>STCG tax rate = 15%<\/p>\n\n\n\n<p>STCG taxes = 15% of 1,83,852 = INR 27,578<\/p>\n\n\n\n<p>Total taxes payable = INR 31,615 + INR 27,578 = INR 59,193<\/p>\n\n\n\n<p><strong>Based on tax rates proposed in Budget 2024:<\/strong><\/p>\n\n\n\n<p>LTCG after deduction = INR 4,16,148 &#8211; INR 1,25,000 = INR 2,91,148<\/p>\n\n\n\n<p>LTCG tax rate = 12.5%<\/p>\n\n\n\n<p>LTCG taxes = 12.5% * 2,91,148 = INR 36,394.<\/p>\n\n\n\n<p>STCG tax rate = 20%<\/p>\n\n\n\n<p>STCG taxes = 20% of 1,83,852 = INR 36,770.<\/p>\n\n\n\n<p>Total taxes payable = INR 36,394 + INR 36,770 = INR 73,164<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particulars<\/th><th class=\"has-text-align-center\" data-align=\"center\">Tax payable as per earlier rates\u00a0<\/th><th class=\"has-text-align-center\" data-align=\"center\">Tax payable as per new rates<\/th><th class=\"has-text-align-center\" data-align=\"center\">Difference<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">STCG Tax<\/td><td class=\"has-text-align-center\" data-align=\"center\">27,578<\/td><td class=\"has-text-align-center\" data-align=\"center\">36,770<\/td><td class=\"has-text-align-center\" data-align=\"center\">9,192<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">LTCG Tax<\/td><td class=\"has-text-align-center\" data-align=\"center\">31,615<\/td><td class=\"has-text-align-center\" data-align=\"center\">36,394<\/td><td class=\"has-text-align-center\" data-align=\"center\">4,779<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Total Tax Liability<\/td><td class=\"has-text-align-center\" data-align=\"center\">59,913<\/td><td class=\"has-text-align-center\" data-align=\"center\">73,164<\/td><td class=\"has-text-align-center\" data-align=\"center\">13,251<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>From the above example, it is clearly visible that Rohan incurs a greater income tax liability due to the hike in capital gains tax rate introduced in Budget 2024.<\/p>\n\n\n\n<p><strong>Read Also: <\/strong><a href=\"https:\/\/www.pocketful.in\/blog\/budget-2024-tax-slabs-middle-class-benefits\/\">Budget 2024-25: How Will New Tax Slabs Benefit The Middle Class?<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Many new investors prefer starting their mutual fund journey through a Systematic Investment Plan (SIP) as it is the most popular investment method in equity mutual funds. However, understanding the taxation of returns earned is crucial.&nbsp;<\/p>\n\n\n\n<p>The Budget 2024 has introduced changes to <a href=\"https:\/\/wp-api.pocketful.in\/blog\/tax\/capital-gains-tax\/\">capital gains tax rates<\/a>, resulting in higher tax liabilities for investors. It is important to understand the impact of the recent hike in Short term capital gains (STCG) and Long term capital gains (LTCG) rates. It is recommended to get in touch with your tax advisor for more detailed insights and calculations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions-faqs\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3 class=\"\">What are the changes introduced in Budget 2024 in relation to capital gains tax?<\/h3><p class=\"saswp-faq-answer-text\">In Budget 2024, the LTCG tax has been hiked from 10% to 12.5% and STCG tax increased from 15% to 20%.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">What are the two types of capital gains?<\/h3><p class=\"saswp-faq-answer-text\">Long term capital gains (LTCG) and short term capital gains (STCG) are the two types of capital gains.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">How much capital gains are tax-free?<\/h3><p class=\"saswp-faq-answer-text\">As per the Budget 2024, in the case of LTCG in equity, there is no tax till the income of 1.25 lakhs; post this limit, a 12.5% tax is applicable without indexation benefit.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Is the amount of tax automatically deducted from the profit?<\/h3><p class=\"saswp-faq-answer-text\">The tax is not automatically deducted, investors must compute their gain and pay tax at the time of filing income tax return.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">How can an investor invest in mutual funds?<\/h3><p class=\"saswp-faq-answer-text\">Investors can invest in mutual funds either through SIP route or lump sum investment.<\/p><\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>The Mutual fund industry of India is currently valued at $0.66 trillion and is expected to grow to $1.61 trillion by 2029 in terms of assets under management (AUM). Investors are offered two modes of investment in mutual funds: Lumpsum and SIP. The calculation of taxes payable on lump sum investments is pretty straightforward, but [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":9033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"is_paper_insight":false,"paper_insight_image":0,"paper_insight_pdf":0,"paper_insight_ppt":0,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-8988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"acf":{"freelancer":"Harjyot"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v21.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Budget 2024: Explainer On Changes In SIP Taxation - Pocketful<\/title>\n<meta name=\"description\" content=\"Explore the latest changes in SIP taxation introduced in Budget 2024. 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