Salay Income. Rs. 275000.00
House income. Rs. 50000.00
Other sources. Rs. 180000.00
Capital Gains. Rs. 220000.00
( LTCG Rs.1.78 + STCG Rs.54000)
Total income is below 7.75 Lakhs
Now in New Regime explain me how to bifurcate in different Heads, to avail all available benefits.
Hello @k_v_Satyanarayana
In your income structure for FY 2024-25, you will be eligible for a rebate under Section 87A on your normal income, including salary, house property, and other sources, as your total income is below ₹7 lakh. However, the tax will apply to your capital gains income since the rebate does not apply to special income under new regime.
Hope this helps!