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Sudhir Kaushik, co-founder and CFO,, an online tax payment and return filing platform, says they have applications which automatically calculate not just the tax liability but also the penalty. You can fill the ITR form online, which automatically calculates the tax payable," say Kumar of PwC. "The process of tax payment in case of delay is the same as in a normal scenario. If an individual fails to do so, he/she has to pay the tax along with an interest of 1% per month. If the gains are realised after the dates mentioned above, the payment should be made as per the next schedule. "If the gains are realised before September 15, one has to pay at least 30% of the total tax on or before September 15, at least 60% before December 15 and 100% before March 15," says Kuldip Kumar, executive director, tax and regulatory services, PwC India. If you have made capital gains during a financial year, you need to pay advance tax, partially or fully, depending upon when the gains have been realised. It is also a good indication of a company’s commitment to paying dividends. A growing dividend payment helps keep up with inflation. It is calculated year-by-year, but the five-year growth rate shows a better long-term picture. How can you calculate the liability if advance tax is not paid: It allows you to evaluate a company’s long-term profitability. You might have made decent profits on your total investment, but a part of it could be short-term gains (each SIP instalment must complete one year if it is to be considered a long-term investment for tax purpose), which are taxable at 15%. Imagine you invested in an equity fund through a systematic investment plan, or SIP, till December 2013 and redeemed the investment in March 2014. Where to get the capital gains statement:Ĭalculating capital gains is not easy. This increases the purchase cost and, thus, lowers the gain. Indexation is adjusting the purchase price for inflation. Long-term capital gains from debt mutual funds are taxed at 20% with indexation and 10% without indexation. Short-term capital gains are added to the income and taxed as per the individual's income tax slab. In case of debt mutual funds, both short-term and long-term capital gains are taxed. Long-term capital gains on stocks and equity mutual funds are not taxed.

While doing so, he must remember the following points. Purchase price: Input the price per unit that you have paid. Using this calculator is quite easy, you are required to enter the following value: Number of shares: Enter the total number of equity shares that you have purchased. An individual who has sold shares or mutual fund units in the previous financial year must mention the gains, if any, in the return. To help such investors we have designed this stock profit/loss calculator that gives you accurate results in seconds. Here is a list of our partners.Many people make capital gains from stock and mutual fund investments.

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