For tax year 2026–27, at what rate does section 198 of the Income-tax Act, 2025 tax long-term capital gains on listed equity shares, on which securities transaction tax was paid on acquisition and…

Section 198(2)(a) of the Income-tax Act, 2025 taxes such long-term capital gains exceeding ₹1,25,000 at 12.5%, before surcharge and cess. Twenty per cent is the rate that section 196 applies to short-term gains on such shares, and 10% was the long-term rate under the old law before it was raised.