The Long Term Capital Gains (LTCG) tax has been hiked from 10% to 12.5% on all financial and non-financial assets, Finance Minister Nirmala Sitharaman announced in the Union Budget. Meanwhile, Short Term Capital Gains (STCG) tax on certain financial assets has been increased from 15% to 20%. Further, the exemption limit of LTCG has been hiked to ₹1.25 lakh.