Salary + Capital Gains Tax Calculator
One bill, both kinds of income - and the two rules that make it more than an addition.
| Salary and other income, after deductions | ₹14,25,000.00 |
|---|---|
| Capital gains taxed at special rates | ₹6,00,000.00 |
| Total incomewhat the rebate ceiling is tested against | ₹20,25,000.00 |
| Tax on salary, after any rebate | ₹93,750.00 |
| Tax on short-term gains at 20% | ₹40,000.00 |
| Tax on long-term gains at 12.5% | ₹34,375.00 |
| Surcharge | ₹0.00 |
| Health and education cess at 4% | ₹6,725.00 |
| Total tax | ₹1,74,850.00 |
Short-term losses are set against short-term gains before long-term ones, which shields the higher rate first; long-term losses can only reach long-term gains. The ₹1.25 lakh relief on equity long-term gains is a single annual allowance shared across every such sale in the year, not one per transaction, and it does not extend to property, gold or unlisted shares. Gains on debt funds bought on or after 1 April 2023 follow your slab however long they are held, so they are added to income here rather than taxed at a flat rate. Whether the rebate ceiling should be tested on total income is contested — representations have asked Budget 2026 to change it — and this calculator follows the stricter reading the department applies today, so it will not understate what you owe. Figures are estimates for FY 2026-27; check your own return with a chartered accountant before filing.
Embed this calculator on your site
Paste this where you want it. Keep the credit line under the frame — that is the part that links back.
Independent · No commissions · No fund-house data — how the numbers are computed
How it works
Most tax calculators handle a salary or a capital gain, not both. That is a problem, because the two interact in ways that cost money, and the interactions only appear when the whole return is computed at once. This calculator does the combined computation the ITR-3 form exists for.
The first interaction is the section 87A rebate. Its ceiling is tested on total income, and total income includes your capital gains. So a gain can push you past the ceiling and cost you the rebate on your salary as well — not just add tax on itself. Someone with eight lakh of salary and six lakh of long-term gains loses a rebate that eight lakh alone would have received.
The second is surcharge. The rate is chosen by total income, but the portion falling on capital gains is capped at 15% however high that total goes. Adding the two bills separately misses this in one direction; taxing everything at slab rates misses it in the other.
Loss set-off is handled in the order that shields the most tax: short-term losses go against short-term gains, which are taxed at 20%, before long-term gains at 12.5%. Long-term losses can only reach long-term gains. Anything unused is carried forward for eight assessment years, but only if the return is filed by the due date.
Total tax = tax on slab income (after rebate) + tax on special-rate gains + surcharge + 4% cessThe rebate is applied only to the slab half and only if total income including gains is under the ceiling. Surcharge is charged at the tier total income attracts, capped at 15% on the gains portion.
Frequently asked questions
Can capital gains make me lose the section 87A rebate on my salary?
Yes, and this is the single most expensive thing people miss. The rebate ceiling is tested on total income, which includes capital gains, so realising a gain that takes your total past twelve lakh under the new regime removes the rebate from your salary tax too. The effect is a cliff rather than a taper, which is why realising a large gain just before 31 March and the rest just after can genuinely change the bill. Whether this reading should stand is contested and has been put to Budget 2026, but it is what the department applies today.
Is the 1.25 lakh exemption available on every sale?
No. It is a single annual allowance shared across every listed equity and equity mutual fund sale in the financial year, not one per transaction, and it applies only to long-term gains on which securities transaction tax was paid. Property, gold, unlisted shares and foreign stock get none of it. This calculator pools it once across all your equity long-term gains, which is what the return does.
How are debt fund gains taxed alongside salary?
Debt funds bought on or after 1 April 2023 are deemed short-term however long you hold them, so their gains are added to your income and taxed at your slab rate rather than at a special rate. That means they do get the benefit of the rebate, unlike equity gains, but they also push you up through the slabs. Enter them in the slab-rate field rather than the equity fields.
Do I need to file ITR-3 if I have salary and capital gains?
Salary with capital gains is normally reported in ITR-2; ITR-3 is required when there is also business or professional income. The arithmetic of combining salary with capital gains is the same in both, which is what this calculator computes. Which form you file depends on your other sources of income, and it is worth confirming with a chartered accountant if you are close to the boundary.
Go further
A single gain in isolation, across six asset classes.
The slab computation on its own, both regimes.
What booking a loss before March actually saves.
How each fund type is taxed, and why the holding period matters.