Stcg on mf

For any income above exempted limit. No tax liability upto 2.50 lakhs

Hi,

upto 2,50,000 no amount of tax is applicable and if your gain is only short term capital gain 111A and the income is suppose 280,000 than the rate of tax is applicable @ 10% 

there is a specific provision under the income tax Act that if the short fall in slab is utilised by shortterm capital gain than the tax rate is applicable @ 10%.