GIFT City Tax Calculator
Your tax answer depends on who you are, what you invest in, the fund's legal structure and where you are tax resident. Answer the four steps and see the Indian tax on your investment, worked out from the fund's own published tax terms.
Who you are
What you invest in
Legal structure of the fund
Filled in from the fund- Long-term gains: 14.95%
- Short-term gains: 42.74%
- Long term after: 24 months
Tax is paid at the Fund level on income arising to the Fund. There should not be any tax in the hands of investors on gains at the time of redemption in India.
Where you are tax resident
More detail (income, rupee rate, earlier remittances)
Used for gains held for the short term.
Decides the surcharge.
Today's rate is prefilled (2026-11-14).
India taxes the rupee gain, so this matters.
Earlier remittances count towards the TCS threshold.
Draft rules. These rules are still to be checked by a tax professional. Use the result as a guide only.
How this is calculated
- 1. The gain, in rupees. Sale value less cost, each converted at the rupee rate on the day. India taxes the rupee gain.
- 2. Long or short term. The fund states how long you must hold it for the long-term rate. We use that period.
- 3. The rate. Long term uses the rate the fund publishes. For a resident, a short-term gain is taxed at your slab rate, never above the fund's published rate.
- 4. Surcharge and cess. Surcharge depends on your total income, and is capped for long-term gains. Cess is 4% on top.
- 5. TCS (residents). 20% on the part of the year's remittances above ₹10 lakh. It is collected in advance and credited against your tax, so it is shown as cash flow, not as a cost.
Fund terms come from 2 of 15 funds' published tax terms; for a fund without them you enter the rates from its factsheet. Rupee rate: 14 Nov 2026.
- Fund's own tax terms. Long-term and short-term capital gains rates and the holding period come from each fund's factsheet or offer document.
- Income Tax Department: TCS on LRS remittances. 20% on remittances for purposes other than education and medical, above the annual threshold; collected as an advance and credited against the tax.
- Income-tax law in force for FY 2026-27. Surcharge bands, the cap on surcharge for long-term gains, health and education cess, and taxing short-term gains of a resident at slab rates.
What it covers
- Resident Indians investing in outbound funds through the LRS route: capital gains, surcharge, cess and TCS
- NRIs, OCIs and foreign investors in inbound funds, using each fund's published tax terms
- The rupee gain, so a change in the rupee between buying and selling is part of the answer
What it does not do
- Your whole tax return: other income, deductions, and set-off of losses
- Dividends, switches between plans, or several purchases at different prices
- Tax in any country other than India. It tells you to check, and why
- Advice. It is an estimate to help you ask better questions of your adviser
GIFTCity360 is an independent informational platform. This calculator gives a general estimate from published terms and is not investment, legal or tax advice. Rates and rules change; confirm with the fund house and a qualified tax adviser before you decide.