⏰ Act before March 31st, 2026 | Financial Year Ending Soon
Not financial advice. All content is for educational purposes only.
FinWiseOwl · Free Guide

Your Step-by-Step Guide to
Tax Harvesting

How to legally reduce your capital gains tax before the financial year ends - using your existing portfolio.

1
Download Your Capital Gains Statement
Takes 5-10 minutes across all platforms
You need to download statements from two places: (1) all mutual fund registrars - CAMS and KFin together cover almost all mutual funds in India, and (2) all broker apps where you hold a demat account with stocks or ETFs. Steps for the most popular platforms are below.
CA
CAMS
Mutual Funds
  1. Go to camsonline.com (no login needed)
  2. Enter your PAN and registered email address
  3. In Period, select FY 2025-26 (Apr 2025 - Mar 2026)
  4. Select All Mutual Funds and choose Detailed format
  5. Set a password and click Submit - encrypted statement arrives in your email
KF
KFin (formerly Karvy)
Mutual Funds
  1. Go to mfs.kfintech.com (no login needed)
  2. Enter your PAN and email address
  3. In Period, select FY 2025-26
  4. Select All Funds and choose Excel format
  5. Set a password and click Submit - statement arrives in your email
ZE
Zerodha
Stocks & MF
  1. Login to console.zerodha.com with your Kite user ID and password
  2. Click Reports in the top nav, then select Tax P&L
  3. Select FY 2025-26 and choose Q1 to Q4
  4. Click the download icon → Download Trade-wise Tax P&L
  5. Note the STCG and LTCG totals in the downloaded report
GR
Groww
Stocks & MF
  1. Login to the Groww app or website with your registered mobile number or email
  2. Web: go to Reports → Tax Filing. App: tap You (bottom right) → SIP & Reports
  3. Select Capital Gains (Mutual Funds or Stocks)
  4. Choose FY 2025-26 and click Generate / Download
  5. Statement downloads as Excel to your device
UP
Upstox
Stocks & MF
  1. Login to pro.upstox.com with your registered mobile number and PIN
  2. Click Reports → Profit & Loss
  3. Click the Tax tab
  4. Select FY 2025-26
  5. Click Download Report to save the statement
AO
Angel One
Stocks & MF
  1. Login to angelone.in or the app with your Client ID and MPIN
  2. Go to Dashboard → Profit and Loss
  3. Click on Tax P/L
  4. Select FY 2025-26
  5. Click Download to save the statement

2
Combine & Run the Calculator
Find out exactly how much tax you can save

Your Tax Liability Calculator

Enter your total gains from the statements you just downloaded. We'll show you exactly what you owe today.

Long term gains from all platforms
Short term gains from all platforms

Your current tax liability

Taxable LTCG (above ₹1.25L exemption) -
Tax on LTCG @ 12.5% -
Tax on STCG @ 20% -
Total tax owed -
💡

3
Take Action - Before March 31st
Sell strategically, then reinvest immediately

🔴 Tax Loss Harvesting

  1. Find funds or stocks currently sitting at a loss in your portfolio
  2. Sell enough units to book losses that offset your tax liability
  3. The booked loss cancels out your STCG and LTCG, bringing tax to zero
  4. Reinvest the proceeds right away - see the reinvest note below

🟢 Tax Gain Harvesting

  1. Your total LTCG is below the ₹1.25L tax-free limit this year
  2. Sell units to book gains up to ₹1.25L total this financial year
  3. This resets your cost price to today's NAV, saving tax in future years
  4. Reinvest the proceeds right away - see the reinvest note below
🔄
Always reinvest within 1-2 days
The goal is to reduce tax - not to stop compounding. After selling, reinvest in the same fund or an equivalent one immediately. Every day out of the market has a cost. Don't let tax planning interrupt wealth creation.

📋 Quick Reference - What offsets what?

Short Term Capital Loss (STCL) Offsets STCG + LTCG ✅
Long Term Capital Loss (LTCL) Offsets LTCG only ✅
LTCG exemption limit (per year) ₹1.25 Lakh
LTCG tax rate (above exemption) 12.5%
STCG tax rate 20%
Deadline to act March 31st, 2026

Disclaimer: This guide is for educational purposes only and does not constitute personalised financial or tax advice. Every individual's financial situation is different. For advice specific to your situation, please consult a qualified tax advisor or chartered accountant. You can also reach out to us at finwise.owl@gmail.com and we can help you connect with one.