You will need to pay capital gain tax @15% for this AY as per the rule and you cant show capital gain as salary income or vice versa. Rebate will be there until unless taxable income is less than 5lac.
Let’s take another example, Gross salary is 8,00,000 and after deductions of standard deduction, section 80C and Section 80ccd(1B), my taxable salary becomes 5.5 lakh. I also invest in Equity delivery stocks.
Net taxable income= 5,50,000
STCG = 50,000
How much tax do i have to pay now, please explain with calculation …