Clarification required on New Tax Regime

[Subramanian Santhanam]

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

Thanks.

AI Summary

Rs. 1.25 Lakh LTCG Deduction on Listed Shares and Mutual Funds Now Available Under New Tax Regime A user inquired about eligibility for a Rs. 1 lakh deduction on capital gains under the new tax regime. An expert clarified that under the new regime, long-term capital gains (LTCG) up to Rs. 1,00,000 on listed equity shares and mutual funds are exempt. However, as of July 23, 2024, this exemption limit has increased to Rs. 1,25,000.