Tax

Salary                                                   58,000

HP (Net of Std. Deduction)               35,000

LTCG                                               12,50,000

Business Income                          (1,40,000)

                                                         ------------------------

                                                            12,03,000

I m agree with Mr. Atul kumar

Dear Laxmi

Only one thing u have to bear in mind is that loss under the head of Business can not be set off against income under the head of Salaries.

In your case u can set off ur business loss with remaining heads...

In nut shell Atul's total income is correct but u must take care of the above proposition at the time of computing total income

nicely explained by Mr. Raju