Disclaimer
CII = Cost Inflation Index. You must look up the official income tax CII tables for exact values. Values shown are estimates.
Conclusion
By selling your property after 5 years, you realize a Long-Term Capital Gain. Under the current tax laws, it is more beneficial for you to opt for the New Rule (12.5% without indexation), resulting in an estimated tax liability of ₹4,37,500 and saving you ₹6,445 compared to the alternative option.
Long Term Capital Gains (LTCG)
₹22,19,723
Estimated Tax Options
Gain: ₹35,00,000
Indexed Cost: ₹62,80,277
Recommended: Choose New Rule to save ₹6,445 in taxes.