Find long-term capital gains tax, using different rules for shares and other assets.
Equity gets an annual ₹1.25 lakh exemption before the 12.5% rate applies; other long-term assets are taxed at 12.5% from the first rupee.
Equity LTCG: 12.5% on (gain − ₹1.25L)
Other LTCG: 12.5% on the full gain
Can I use the ₹1.25 lakh exemption on non-equity assets too?
No. This ₹1.25 lakh exemption, under Section 112A, only applies to listed shares and equity mutual funds. Other long-term assets, under Section 112, do not get this exemption.