import { useState } from 'react' import { Button } from "/components/ui/button" import { Card, CardContent, CardHeader, CardTitle, CardDescription } from "/components/ui/card" import { Input } from "/components/ui/input" import { Label } from "/components/ui/label" import { Select, SelectContent, SelectItem, SelectTrigger, SelectValue } from "/components/ui/select" // Latest Cost Inflation Index (CII) values as per Income Tax Department const CII = { 2025: 363, // Projected (to be confirmed by CBDT) 2024: 348, 2023: 331, 2022: 317, 2021: 301, 2020: 280, 2019: 280, 2018: 280, 2017: 272, 2016: 264, 2015: 254, 2014: 240, 2013: 220, 2012: 200, 2011: 184, 2010: 167, 2009: 148, 2008: 140, 2007: 129, 2006: 122, 2005: 117, 2004: 113, 2003: 109, 2002: 105, 2001: 100 } // TDS rates for NRIs const TDS_RATES = { LONG_TERM: 0.2, // 20% + surcharge + cess SHORT_TERM: 0.3, // 30% + surcharge + cess HIGH_VALUE: 0.23 // 23.92% including surcharge and cess for LTCG > ₹50L } export default function NRICapitalGainCalculator() { const [purchasePrice, setPurchasePrice] = useState('') const [costOfImprovement, setCostOfImprovement] = useState('') const [salePrice, setSalePrice] = useState('') const [purchaseDate, setPurchaseDate] = useState('') const [saleDate, setSaleDate] = useState('') const [propertyType, setPropertyType] = useState('residential') const [currency, setCurrency] = useState('INR') const [capitalGain, setCapitalGain] = useState(null) const [taxAmount, setTaxAmount] = useState(null) const [tdsAmount, setTdsAmount] = useState(null) const [holdingPeriod, setHoldingPeriod] = useState('') const [indexedCost, setIndexedCost] = useState(null) const [errors, setErrors] = useState>({}) const calculateGain = () => { // Reset previous errors and results setErrors({}) setCapitalGain(null) setTaxAmount(null) setTdsAmount(null) setHoldingPeriod('') setIndexedCost(null) const newErrors: Record = {} // Validate inputs if (!purchasePrice || isNaN(Number(purchasePrice)) || Number(purchasePrice) <= 0) { newErrors.purchasePrice = 'Please enter a valid purchase price' } if (!salePrice || isNaN(Number(salePrice)) || Number(salePrice) <= 0) { newErrors.salePrice = 'Please enter a valid sale price' } if (costOfImprovement && isNaN(Number(costOfImprovement))) { newErrors.costOfImprovement = 'Please enter a valid improvement cost' } if (!purchaseDate) { newErrors.purchaseDate = 'Please select a purchase date' } if (!saleDate) { newErrors.saleDate = 'Please select a sale date' } if (purchaseDate && saleDate && new Date(purchaseDate) >= new Date(saleDate)) { newErrors.dateRange = 'Sale date must be after purchase date' } if (Object.keys(newErrors).length > 0) { setErrors(newErrors) return } // Get financial years const purchaseYear = new Date(purchaseDate).getFullYear() const saleYear = new Date(saleDate).getFullYear() const purchaseMonth = new Date(purchaseDate).getMonth() + 1 const saleMonth = new Date(saleDate).getMonth() + 1 // Determine financial years (April to March) const purchaseFY = purchaseMonth <= 3 ? purchaseYear - 1 : purchaseYear const saleFY = saleMonth <= 3 ? saleYear - 1 : saleYear // Calculate holding period in months const monthsHeld = (saleYear - purchaseYear) * 12 + (saleMonth - purchaseMonth) // Calculate values const purchaseValue = Number(purchasePrice) const improvementValue = Number(costOfImprovement) || 0 const saleValue = Number(salePrice) if (monthsHeld > 24) { // Long-term capital gain (property held for >24 months) setHoldingPeriod('Long-term (>24 months)') // Get CII values for indexation const baseCII = CII[purchaseFY] || CII[2001] const saleCII = CII[saleFY] || CII[2025] // Calculate indexed cost const indexedPurchaseCost = purchaseValue * (saleCII / baseCII) const indexedImprovementCost = improvementValue * (saleCII / baseCII) const totalIndexedCost = indexedPurchaseCost + indexedImprovementCost setIndexedCost(totalIndexedCost) // Calculate long-term capital gain (with indexation benefit) const gain = saleValue - totalIndexedCost setCapitalGain(Math.max(0, gain)) // Tax calculation (20% with indexation benefit + 4% cess) let taxRate = TDS_RATES.LONG_TERM if (gain > 5000000) { // If gain exceeds ₹50L taxRate = TDS_RATES.HIGH_VALUE // 20% + 15% surcharge + 4% cess = 23.92% } const tax = Math.max(0, gain * taxRate) setTaxAmount(tax) // TDS calculation (buyer deducts TDS @ 20.8% or 23.92%) const tdsRate = gain > 5000000 ? 0.2392 : 0.208 // Including surcharge and cess setTdsAmount(Math.max(0, saleValue * tdsRate)) } else { // Short-term capital gain (property held for ≤24 months) setHoldingPeriod('Short-term (≤24 months)') // No indexation benefit for short-term const totalCost = purchaseValue + improvementValue const gain = saleValue - totalCost setCapitalGain(Math.max(0, gain)) // Tax calculation (30% + 4% cess for NRIs) const tax = Math.max(0, gain * TDS_RATES.SHORT_TERM) setTaxAmount(tax) // TDS calculation (buyer deducts TDS @ 31.2% including cess) setTdsAmount(Math.max(0, saleValue * 0.312)) } } const resetCalculator = () => { setPurchasePrice('') setCostOfImprovement('') setSalePrice('') setPurchaseDate('') setSaleDate('') setPropertyType('residential') setCurrency('INR') setCapitalGain(null) setTaxAmount(null) setTdsAmount(null) setHoldingPeriod('') setIndexedCost(null) setErrors({}) } return (

NRI Capital Gain Calculator Calculate capital gains for NRIs as per FY 2024-25 tax rules

Property Type

Currency

Purchase Price ({currency === 'INR' ? '₹' : currency}) setPurchasePrice(e.target.value)} placeholder={`Enter purchase price in ${currency}`} /> {errors.purchasePrice && (

{errors.purchasePrice}

)}

Cost of Improvement ({currency === 'INR' ? '₹' : currency}) setCostOfImprovement(e.target.value)} placeholder={`Enter improvement cost in ${currency}`} /> {errors.costOfImprovement && (

{errors.costOfImprovement}

)}

Sale Price ({currency === 'INR' ? '₹' : currency}) setSalePrice(e.target.value)} placeholder={`Enter sale price in ${currency}`} /> {errors.salePrice && (

{errors.salePrice}

)}

Purchase Date setPurchaseDate(e.target.value)} max={new Date().toISOString().split('T')[0]} /> {errors.purchaseDate && (

{errors.purchaseDate}

)}

Sale Date setSaleDate(e.target.value)} max={new Date().toISOString().split('T')[0]} /> {errors.saleDate && (

{errors.saleDate}

)} {errors.dateRange && (

{errors.dateRange}

)}

{capitalGain !== null && (

Results

Holding Period

{holdingPeriod}

{indexedCost !== null && (

Indexed Cost

₹{indexedCost.toLocaleString('en-IN', { maximumFractionDigits: 0 })}

)}

Capital Gain

₹{capitalGain.toLocaleString('en-IN', { maximumFractionDigits: 0 })}

Tax Rate

{holdingPeriod === 'Short-term (≤24 months)' ? '31.2% (30% + 4% cess)' : capitalGain > 5000000 ? '23.92% (20% + 15% surcharge + 4% cess)' : '20.8% (20% + 4% cess)'}

Tax Liability

₹{taxAmount?.toLocaleString('en-IN', { maximumFractionDigits: 0 })}

TDS Deducted by Buyer

₹{tdsAmount?.toLocaleString('en-IN', { maximumFractionDigits: 0 })}

NRI-Specific Tax Rules:

Buyer must deduct TDS @ 20.8% (LTCG) or 31.2% (STCG) on the sale value
For LTCG exceeding ₹50L, higher TDS rate of 23.92% applies
NRIs must file Form 13 to apply for lower TDS certificate if eligible
Tax returns must be filed to claim refund if TDS exceeds actual tax liability
DTAA benefits may apply if property sold was inherited

)}

) }