My Long Term Capital Gain is around 2L, I don’t have any other income. How much tax i need to pay?
Will it be Rs.0 considering the tax slab or it will be Rs.20000 as the LTCG is 10%.
After adjusting other types of income against the Basic Exemption Limit you can use the unexhausted amount of the basic exemption limit to adjust against all types of LTCG & STCG. This means that if you have no other income then LTCG/STCG can be adjusted against the whole of basic exemption limit which, in the new tax regime, is 3L for AY-2025-26 & 4L starting next AY (AY-2026-27). So you are right in assuming that your tax liability will be 0.
You also get additional 1.25L exemption on LTCG. So assuming LTCG was your only income then the tax liability of 12.5% would begin only after 4.25L (this AY) & 5.25L (next AY).
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