Govt mopped up Rs 98,681 cr from taxing long term capital gains in listed equities in FY23: M0S Pankaj Chaudhary

The government collected Rs 98,681 crore from long term capital gains (LTCG) tax on listed equities in 2022-23, a 15% increase from the previous year, said Minister of State for Finance Pankaj Chaudhary in Rajya Sabha. The LTCG tax on equities, introduced in 2018, was increased to 12.5% in the 2024-25 Budget. No proposal to abolish LTCG tax is being considered.