How are LTCG and STCG calculated on equity investments?

Short-Term Capital Gains (STCG):

Applies if shares are sold within 12 months

Taxed at a fixed rate (as per prevailing tax laws)

Long-Term Capital Gains (LTCG):

Applies if shares are held for more than 12 months

Gains above a specified threshold are taxed

Calculation:

Profit = Selling price – Purchase price – Charges