Tax on long term capital gain

Assuming that the capital gain is Rs.1,65,000, the total taxable income is within the exemption limit of Rs.2,50,000 and hence no tax is payable provided the assessee is a resident individual/HUF.

Yes, capital gain is calculated any thing after adjusting the basicexemption limit.. in your case there will be no tax....

tax is charged at the rate of 20% with indexation or 10% without indexation which ever is more benifical to assessee. however slab benifit is available in both cases and in your case no tax is chargeble as cap gain and salary income does not exceed maximum income not chargable to tax which is 250000

I tried to file return -itr 2, with excel utility provided on income tax site. If i enter 165000 in ltcg it calculate tax 20% of it as 33000. Anything i missing to enter? Calculation contradicting what you guys said.