12 October 2017
Utilised balance of basic exemption limit can be used for LTCG/STCG. But when the income exceeds the basic exemption limit than you have to pay the tax @ 15%/20% and not at 10%. For Eg. Basic Exemption Limit is 250000 Other Income 200000 STCG 150000 Than you have to pay the tax on 100000 (STCG - (Basic Exemption Limit-Other Income) @ 15% and not @ 10% Therefore you tax liability will be 15000+EC&SHEC
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