Short Term Capital Gains Tax Rate 2024 Table. Gains taxes are owed for any profits made on the sale of a property owned for more than one year and taxed according to. (i) a progressive corporate income tax rate and a phased reduction of the marginal rate (35%);

So, the tax rates on the short term gains on transfer of listed assets, the rate has been increased to 20% from 15%. The profits from the sale are considered part of your income and taxed at your tax income tax bracket.