Get an educational estimate of your capital gains when selling land — not a substitute for advice from a chartered accountant.
About Section 54B (informational only): if you sell agricultural land that was used for farming by you or your family in the 2 years before the sale, and reinvest the gains into new agricultural land within 2 years, you may be able to claim an exemption on the gains under Section 54B — subject to conditions. This calculator does not compute that exemption; consult a chartered accountant to check your eligibility.
Important: rural agricultural land (as defined by distance from municipal limits and population criteria) is generally not treated as a "capital asset" at all under Indian tax law, meaning its sale may not attract capital gains tax in the first place. This calculator makes a simplified assumption for illustration — your specific land's classification should be confirmed with a tax professional, since it depends on exact location criteria this tool cannot verify.
Whether a gain is "short-term" or "long-term" depends purely on how long you held the land before selling — more than 24 months qualifies as long-term for immovable property under current Indian tax rules, and the two categories are taxed very differently.
This calculator gives a simplified, educational estimate only. Real capital gains tax involves nuances this tool doesn't account for — cost of improvements, transfer expenses, and specific exemptions beyond Section 54B. Always confirm your actual liability with a chartered accountant before filing.