How do you calculate long term capital gain Tax for land sale in India?

To calculate long-term capital gains tax on land sales in India, first determine the sale price and the indexed cost of acquisition, which adjusts the purchase price for inflation using the Cost Inflation Index (CII) provided by the government. The long-term capital gain is the difference between the sale price and the indexed cost of acquisition. As of now, the tax rate for long-term capital gains on land is typically 20%, with the option to offset gains by claiming exemptions under sections like 54 or 54F if reinvested in specified assets. It's advisable to consult a tax professional for personalized guidance and to ensure compliance with current regulations.