How Much Tax on ₹2 Lakh Gains? Long-Term vs Short-Term Showdown

So, you made a ₹2 lakh gain? Don’t sweat it! How much you owe depends on how long you held it. If it’s long-term (over 12 months), you might only pay around ₹9,750. But if you sold it quick, you could be looking at ₹41,600! Mutual funds and ETFs play by the same rules. And crypto? That’s a flat 30% no matter what! Keep your eyes on the holding period!