Channa Ernaline

Capital Gains Tax Rate 2024 On Investments. Another provision would raise the tax rate on capital gains and dividends to the same rate charged on ordinary income — but only on annual income exceeding $1 million for. High income earners may be subject to an additional 3.8% tax.

Capital gain is an income tax levied on the sale of assets such as real estate properties (house), financial investments made through banks like fixed deposits (fds) or recurring deposits. The capital gains tax treatment for various types of assets has been changed in the union budget 2024.