Capital Gains Tax 2024/5 5 Lakhs. The government has announced that the higher rate of capital gains tax on gains from residential property will be reduced from 28% to 24% for gains accruing on or after 6 april 2024. Click to select a tax section.

Capital gains taxes are due only. Capital gains rates for individual increase to 15% for those individuals with income of $44,626 and more ($89,251 for married filing joint, $44,626 for married filing separate, and $59,751 for head of household) and increase even further to 20% for those individuals with income over $492,300 ($553,850 for married filing joint, $276,900 for marri.