How to pay SCTG
15% tax payable only for income above 5 lacs.
Basic exemption limit for Senior citizens-3,00,000/- and Others- Rs.2,50,000/-
But in the given case, tax payable will be nil because tax liability arising due to capital gain is also covered in rebate u/s 87A as your total income is less than Rs.5,00,000/- . So no need to pay any tax