New Delhi, June 18 -- If capital gains from stocks or equity-oriented mutual funds are your only source of income in 2024-25, calculating your tax liability may be a bit complex.

That's because tax rates on long-term capital gains (LTCG)-investments held for more than a year before being sold-from equity are taxed at 12.5% for assets sold after 23 July 2024 and 10% for those sold before this date.

Deducting the permissible exemptions is crucial to calculating net taxable income. For capital gains from equities, an exemption of Rs.1 lakh and Rs.1.25 lakh is allowed on equity sold before and after 23 July 2024, respectively.

Also, under the old tax regime, individuals are eligible for a basic exemption limit of Rs.2.5 lakh. Under the new...