The proposed changes in capital gains tax rates in the Budget are estimated to garner an additional ₹15,000 crore to the exchequer, Revenue Secretary Sanjay Malhotra said on Tuesday.

Finance Minister Nirmala Sitharaman, in her 2024-25 Budget, has proposed to rationalise the capital gains tax rate and holding period of various assets, including securities and immovable properties, in the 2024-25 Budget.

Listed financial assets will have to be held for more than 1 year, while unlisted financial assets and all non-financial assets for at least 2 years to qualify for long-term capital gains tax.

The long-term capital gains tax for various asset classes has been reduced to 12.5%, with the exception of unlisted bonds and debentures where applicable slab rates would apply.