Relation of tax slab and lt cg without indexation

Tax queries 322 views 2 replies

Curious

Owner

95 Points Joined August 2012

Long Term Capital Gains without indexation is taxed at 10 pc. Wish to know whether whether the tax slab has any bearing on this percentage. Would an assesse in higher overall tax slab in any way pay more than 10 pc tax on Long Term Capital Gains without indexation? Please advise. Thank you.

Replies (2)

Guest

No ltcg will always be taxed at 10%. You should calculate tax on income other than ltcg as per the tax slab rates n calculate tax on ltcg at 10%. Add those two amts of tax to arrive at total tax.