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Capital gains calculator
The sale of any asset involves a capital gain or loss, with the former inviting capital gains tax.
An asset acquired 5 or 10 years back at a value of say Rs 1,000 will not cost the same. There is inflation to be factored in to find out whether one has made a capital gain on the asset. For this purpose the government comes out with a cost inflation index every year, based on which the index cost of acquisition is worked out from which the capital gain/loss is computed.
Sounds complicated? To make things simpler, rediff.com has worked out a capital gains tax calculator that takes into consideration all the relevant factors and tells you the tax you may have to pay on selling your asset.
Make life simpler, check out if you have earned capital gains here…