{"id":11607,"date":"2026-01-31T07:19:19","date_gmt":"2026-01-31T07:19:19","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=11607"},"modified":"2026-01-31T07:19:19","modified_gmt":"2026-01-31T07:19:19","slug":"capital-gains-vs-interest-income-whats-more-tax-friendly","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/investment-guide\/capital-gains-vs-interest-income-whats-more-tax-friendly\/","title":{"rendered":"Capital Gains vs Interest Income: What\u2019s More Tax-Friendly?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In India, the taxation of bonds is governed by the Income Tax Act, 1961, and has two separate parts:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">First, the interest you receive from a bond<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">and<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Second, the capital gains<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If we talk about the first part, that is interest income, it is taxed according to your income tax slab. Whereas the taxation of capital gains depends on how long you held the bond and whether it is listed or unlisted.\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Okay, but which option is more tax-friendly?<\/span><\/i><span style=\"font-weight: 400;\"> Read this article to first check out the latest taxation rules (as per the Union budget 2025) and then see which type of income leads to a lower tax liability.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/capital-gains-vs-interest-income-whats-more-tax-friendly\/#What_is_Capital_Gains_Tax_on_Bonds\" >What is Capital Gains Tax on Bonds?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/capital-gains-vs-interest-income-whats-more-tax-friendly\/#1_Listed_Bonds\" >1. Listed Bonds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/capital-gains-vs-interest-income-whats-more-tax-friendly\/#2_Unlisted_Bonds\" >2. Unlisted Bonds<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/capital-gains-vs-interest-income-whats-more-tax-friendly\/#How_is_Interest_Income_from_Bonds_Taxed\" >How is Interest Income from Bonds Taxed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/capital-gains-vs-interest-income-whats-more-tax-friendly\/#Which_Income_Type_is_More_Tax-Friendly\" >Which Income Type is More Tax-Friendly?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/capital-gains-vs-interest-income-whats-more-tax-friendly\/#Case_1_Total_Income_Exceeds_%E2%82%B912_Lakh\" >Case 1: Total Income Exceeds \u20b912 Lakh<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/capital-gains-vs-interest-income-whats-more-tax-friendly\/#Case_2_Total_Income_is_%E2%82%B912_Lakh_or_Below\" >Case 2: Total Income is \u20b912 Lakh or Below<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/capital-gains-vs-interest-income-whats-more-tax-friendly\/#To_Conclude_The_Tax_Friendliness_of_Capital_Gains_or_Interest_Income_Depends_On_Your_Income_Level\" >To Conclude, The Tax Friendliness of Capital Gains or Interest Income Depends On Your Income Level<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/capital-gains-vs-interest-income-whats-more-tax-friendly\/#FAQs\" >FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/capital-gains-vs-interest-income-whats-more-tax-friendly\/#1_Is_LTCG_payable_even_when_my_income_is_less_than_%E2%82%B912_lakh\" >1. Is LTCG payable even when my income is less than \u20b912 lakh?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/capital-gains-vs-interest-income-whats-more-tax-friendly\/#2_How_are_zero-coupon_bonds_taxed\" >2. How are zero-coupon bonds taxed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/capital-gains-vs-interest-income-whats-more-tax-friendly\/#3_Is_indexation_benefit_still_available_on_bonds\" >3. Is indexation benefit still available on bonds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/capital-gains-vs-interest-income-whats-more-tax-friendly\/#4_When_could_LTCG_be_more_tax-friendly\" >4. When could LTCG be more tax-friendly?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/capital-gains-vs-interest-income-whats-more-tax-friendly\/#5_When_could_STCG_be_more_tax-friendly\" >5. When could STCG be more tax-friendly?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Capital_Gains_Tax_on_Bonds\"><\/span><strong>What is Capital Gains Tax on Bonds?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Capital gain is the profit you make when you sell a bond for a higher price than what you paid. This <\/span><a href=\"https:\/\/goldenpi.com\/blog\/fixed-income\/corporate-bonds\/how-are-corporate-bonds-taxed\/\"><span style=\"font-weight: 400;\">profit is taxable<\/span><\/a><span style=\"font-weight: 400;\"> as per the provisions of the Income Tax Act, 1961. The tax you pay depends on two factors:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Whether the bond is listed or unlisted<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">and<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How long you held the bond before selling (holding period)<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Let\u2019s understand in detail:<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Listed_Bonds\"><\/span><strong>1. Listed Bonds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Listed bonds are traded on recognised stock exchanges. After the latest amendments introduced under the Union Budget 2025, the <\/span><a href=\"https:\/\/goldenpi.com\/blog\/essentials\/what-are-the-tax-implications-of-investing-nbfc-bonds\/\"><span style=\"font-weight: 400;\">capital gains arising<\/span><\/a><span style=\"font-weight: 400;\"> from their transfer as taxed as follows:<\/span><\/p>\n<div class=\"pcrstb-wrap\"><table>\n<thead>\n<tr>\n<th><span style=\"font-weight: 400;\">Short-Term Capital Gain (STCG)<\/span><\/th>\n<th><span style=\"font-weight: 400;\">Long-Term Capital Gain (LTCG)<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Applies if the bond is held for 12 months or less.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The profit is added to your total income.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tax is charged as per your income tax slab rate.<\/span><\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Applies if the bond is held for more than 12 months<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The profit is taxed at a flat rate of 12.5%*.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Any indexation benefit is not allowed<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><i><span style=\"font-weight: 400;\">*This rate applies to bonds transferred on or after July 23, 2024.<\/span><\/i><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Unlisted_Bonds\"><\/span><strong>2. Unlisted Bonds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Unlisted bonds are not traded on stock exchanges and are usually traded via private placements. Let\u2019s see how profits earned from them are taxed:<\/span><\/p>\n<div class=\"pcrstb-wrap\"><table>\n<thead>\n<tr>\n<th><span style=\"font-weight: 400;\">Short-Term Capital Gain (STCG)<\/span><\/th>\n<th><span style=\"font-weight: 400;\">Long-Term Capital Gain (LTCG)<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Applies if the bond is held for 24 months or less<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The profit is added to your total income<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tax is charged as per your income tax slab rate.<\/span><\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Applies if the bond is held for more than 24 months.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The profit is taxed at 12.5%*.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Indexation benefit is not allowed.<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><i><span style=\"font-weight: 400;\">*This rate applies to bonds transferred on or after July 23, 2024.<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_is_Interest_Income_from_Bonds_Taxed\"><\/span><strong>How is Interest Income from Bonds Taxed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Interest income from bonds is treated as \u201cregular income\u201d under the Income Tax Act. It is not given any special tax rate. The tax you pay depends on your income tax slab. Let\u2019s see how:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">When you receive interest from a bond, the amount is added to your total annual income under the head \u201cIncome from Other Sources\u201d.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You are supposed to report this income along with your other sources, such as salary, business income, dividends, etc.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Now, the final tax is calculated based on the slab rate applicable to you (for example, 5%, 20%, or 30%, plus applicable cess).<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Additionally, as per Section 193, bond issuers must deduct TDS (Tax Deducted at Source) @ 10% from the interest income (applies to both listed and unlisted bonds). This TDS can be adjusted against your final tax liability at the time of filing an Income Tax Return (ITR).<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Which_Income_Type_is_More_Tax-Friendly\"><\/span><strong>Which Income Type is More Tax-Friendly?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As mentioned before, interest income and capital gains are two different sources of income, and each follows separate tax rules.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interest income from bonds and STCG is added to your gross total income and taxed according to your income tax slab.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">but<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">LTCG is treated differently. Instead of slab rates, LTCG on bonds is taxed at a flat 12.5%, without any indexation benefit.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Now, the tax friendliness of these options depends on the income tax slab applicable to you. Firstly, let\u2019s check out the latest slab rates under the new tax regime for FY 2025\u201326 (AY 2026\u201327):<\/span><\/p>\n<div class=\"pcrstb-wrap\"><table>\n<thead>\n<tr>\n<th><span style=\"font-weight: 400;\">Income Tax Slabs<\/span><\/th>\n<th><span style=\"font-weight: 400;\">Income Tax Rate<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">\u20b90 to \u20b94,00,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u20b94,00,001 to \u20b98,00,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u20b98,00,001 to \u20b912,00,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u20b912,00,001 to \u20b916,00,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u20b916,00,001 to \u20b920,00,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u20b920,00,001 to \u20b924,00,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">25%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u20b924,00,001 and above<\/span><\/td>\n<td><span style=\"font-weight: 400;\">30%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><span style=\"font-weight: 400;\">Since you are aware of the slab rates, now let\u2019s see which income type is more tax-friendly and when:<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Case_1_Total_Income_Exceeds_%E2%82%B912_Lakh\"><\/span><strong>Case 1: Total Income Exceeds \u20b912 Lakh<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">When your total income is above \u20b912 lakh under the new tax regime, you move into a 15% or higher tax slab. In this situation, interest income from bonds and STCG is:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Added to your gross total income\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">and<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Taxed at your applicable slab rate<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This means they are taxed at 15%, 20%, 25%, or 30% (progressively), depending on your income level. In this case, the LTCG may result in a lower tax outgo due to a lower rate of 12.5%. Therefore, for investors in higher income brackets, LTCG could be more tax-friendly than interest income or STCG.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Case_2_Total_Income_is_%E2%82%B912_Lakh_or_Below\"><\/span><strong>Case 2: Total Income is \u20b912 Lakh or Below<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">When your total income is \u20b912 lakh or less under the new tax regime, you are eligible for the Section 87A rebate (available up to \u20b960,000), which effectively reduces your total tax liability to zero. As a result, interest income and STCG, even though taxed at slab rates, do not lead to any actual tax payment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, LTCG on bonds does not qualify for this Section 87A rebate. LTCG continues to be taxed at 12.5% (regardless of your income level). As a result, in this income range,\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Paying 12.5% tax on LTCG is\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">higher than\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Paying zero tax on interest income or STCG<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Hence, interest income and STCG may be <\/span><a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/bond-washing-for-tax-avoidance\/\"><span style=\"font-weight: 400;\">more tax-friendly<\/span><\/a><span style=\"font-weight: 400;\"> than LTCG for investors with total income up to \u20b912 lakh.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"To_Conclude_The_Tax_Friendliness_of_Capital_Gains_or_Interest_Income_Depends_On_Your_Income_Level\"><\/span><strong>To Conclude, The Tax Friendliness of Capital Gains or Interest Income Depends On Your Income Level<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">So now you know how STCG, LTCG, and interest income from bonds are taxed, and which income type can be more tax-friendly. If we talk about which option leads to a lower tax liability, it is important to understand that the answer depends on your total income level.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For investors earning more than \u20b912 lakh, interest income and STCG are taxed at higher slab rates of 15%, 20%, 25%, or 30%. In comparison, LTCG on bonds is taxed at a flat rate of 12.5%. As a result, LTCG could be more tax-friendly for higher-income investors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In contrast, for investors earning \u20b912 lakh or less, the Section 87A rebate applies, which reduces the tax liability to zero. In this case, interest income and STCG attract no tax, while LTCG continues to be taxed at 12.5%. Therefore, for lower-income investors, interest income and STCG could be more tax-friendly than LTCG.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Are you interested in AAA-rated or government bonds? You may visit the GoldenPi platform and explore multiple bond collections, such as <\/span><a href=\"https:\/\/goldenpi.com\/collections\/high-yield-bonds\"><span style=\"font-weight: 400;\">high-yield bonds<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/goldenpi.com\/collections\/highly-rated-bonds\"><span style=\"font-weight: 400;\">highly rated bonds<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/goldenpi.com\/collections\/bonds-at-discounted-price\"><span style=\"font-weight: 400;\">bonds available at discounted prices<\/span><\/a><span style=\"font-weight: 400;\">, and more. Additionally, you can <\/span><a href=\"https:\/\/goldenpi.com\/bond-ipo-online\"><span style=\"font-weight: 400;\">apply to the latest NCD IPOs<\/span><\/a><span style=\"font-weight: 400;\"> or invest online in multiple <\/span><a href=\"https:\/\/goldenpi.com\/fixed-deposits\"><span style=\"font-weight: 400;\">FD options<\/span><\/a><span style=\"font-weight: 400;\"> offered by leading banks and NBFCs.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_Is_LTCG_payable_even_when_my_income_is_less_than_%E2%82%B912_lakh\"><\/span><strong>1. Is LTCG payable even when my income is less than \u20b912 lakh?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, LTCG on bonds is taxed at a flat rate of 12.5%. It does not qualify for the Section 87A rebate.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_How_are_zero-coupon_bonds_taxed\"><\/span><strong>2. How are zero-coupon bonds taxed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Zero-coupon bonds do not pay periodic interest. The difference between purchase price and maturity value is taxed as STCG (held for less than 12 months) or LTCG (held for 12 months or more) at the time of sale or maturity. While STCG is taxed at your applicable slab rate, the LTCG is taxed at a flat rate of 12.5%.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Is_indexation_benefit_still_available_on_bonds\"><\/span><strong>3. Is indexation benefit still available on bonds?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">No, indexation benefit is not available for bond transfers made on or after July 23, 2024.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_When_could_LTCG_be_more_tax-friendly\"><\/span><strong>4. When could LTCG be more tax-friendly?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">LTCG could be more tax-friendly when your total income exceeds \u20b912 lakh, because it is taxed at a flat 12.5%. This rate is lower than the higher slab rates (15%, 20%, 25%, 30%) applicable when your income exceeds \u20b912 lakhs.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_When_could_STCG_be_more_tax-friendly\"><\/span><strong>5. When could STCG be more tax-friendly?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">STCG can be more tax-friendly when your total income is \u20b912 lakh or below. That\u2019s because, due to the Section 87A rebate (up to \u20b960,000), the final tax liability could be reduced to zero.<\/span><\/p>\n<p><strong>Disclaimer:<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">This information is for general information purposes only. GoldenPi makes no guarantee on the accuracy of the data provided here; the information displayed is subject to change and is provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. Investments in the securities market are subject to market risks. Read all the offer-related documents carefully before investing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bonds or non-convertible debentures (NCDs) are regulated by the Securities and Exchange Board of India and other government authorities. GoldenPi Securities Private Limited is a registered debt broker and acts as a distributor and not as a manufacturer of the product.<\/span><\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"1. Is LTCG payable even when my income is less than \u20b912 lakh?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, LTCG on bonds is taxed at a flat rate of 12.5%. It does not qualify for the Section 87A rebate.\"}},{\"@type\":\"Question\",\"name\":\"2. How are zero-coupon bonds taxed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Zero-coupon bonds do not pay periodic interest. 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