Capital Gains Tax Rate Table 2024. As per income tax rules, when an individual sells a capital asset, he/she can earn capital gains or losses. All the changes in the new capital gains tax rate and holding period, except for gold and international funds, will be effective immediately from july 23, 2024,.

In 2023/24, only 5 per cent of deaths generated an inheritance tax. There will be only two holding periods for the purpose of ascertaining nature of capital gains i.e.