Per the new budget 2025-26, is income from sale of debt instrumented, dividends, FD all come under the 12L income or are they considered capital gains and taxable even if the total income is below 12L ?
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182739 Points)
Replied 03 February 2025
Only the income charged at special rates will be excluded, not the interest from FD or dividend income or other capital gains charged at slab rate.
Kumar Sushank
(2 Points)
Replied 03 February 2025
No. You can take benefit of Rebate-87A against salary only. Capital Gain and Other Income will be charged as per the actual rates.
Suppose, you earned 9 Lacs as salary and 3 Lacs as capital gain. Then you can avail benefit of Rebate 87A for 9 Lacs only. Taxes will calculate on 3 Lacs as per the rate.
Ramesh
(SVP)
(68 Points)
Replied 03 February 2025
In essence, income made from debt, FD and dividends will be taxed per slab rate even if my total income is less then 12L.
Retired folks with no salary and only these incomes will not benifit if this is so.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182739 Points)
Replied 03 February 2025
I think you didn't get the essence of my reply.
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