is income for long term capital gain charged 10% tax irrespective of tax slab? I mean say if someone is in below slab bracket like less than 2.5 or 5 depending on age n they have long term capital gains r they taxed 10% on that profit even if the income from that if added to other income is below the tax slab?
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Does income from long term capital gain add on to income ?
Replies (3)
Quick Summary
If Gross total income is less than basic exemption limit including capital gain then there won't be any tax liability.
No same is not taxable upto slab limit
Your not liable to tax liability
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