Ah, that makes sense. Thanks for this.
Regarding your next point, it seemed very interesting to me. I certainly didn’t know that. I tried it out using the same link I shared in my first question. I used ₹499000/- as salary income, and tested three scenarios:
A) no capital gain
B) ₹2000/- STCG under section 111A
C) ₹2000/- STCG not under section 111A
As it happens, A and B shows same taxable income, and same tax under salary head, but C has higher. It does seem to suggest that debt (or non equity oriented, if you prefer) STCG will change tax slab, or at least that’s what I get just from this calculator link. I have no other document to back it up though.
Sharing the screenshots below:
Scenario A
Scenario B
Scenario C
