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You get a ₹1.25 lakh exemption on Long-Term Capital Gains (LTCG) for listed equity shares and equity mutual funds. Gains above that are taxed at 12.5%. For other assets like real estate, you can choose 20% with indexation or 12.5% without indexation, and further exemptions (like Sections 54, 54EC) are available by reinvesting gains into specific assets.

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