In the Union Budget 2024-25, the Short Term Capital Gains Tax has been increased to how much?

Option 1: 10% -> This is too low and does not reflect the revised STCG tax rate announced in Budget 2024-25.

Option 2: 12.5% -> This is the new Long Term Capital Gains (LTCG) tax rate introduced in Budget 2024-25, not the STCG rate.

Option 3: 15% -> This was the previous STCG tax rate before Budget 2024-25, which has now been revised upward.

Option 4: 20% -> This is the increased STCG tax rate on equity and equity-oriented mutual funds as announced in Union Budget 2024-25.

Hence, Option 4: 20% -> The Union Budget 2024-25 increased the Short Term Capital Gains Tax from 15% to 20% for specified assets including equity shares, equity-oriented mutual funds, and units of business trust held for less than 12 months -> correct