STCG and LTCG Taxation

Income Tax Income from Capital Gains
2

Hi @FalconZex

  1. Yes you are right the tax payable shall be 10,000 INR
  2. Rebate is applicable on total tax liability Section 87A does not exclude any income specifically.
  3. In such a case no rebate shall be available. The tax rate shall be as under:

  • On business income of 2 lakhs INR: 5%

  • On STCG of 2 lakhs INR: 15%

You can also refer to our Income Tax Calculator

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