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Rebate for long term capital gain

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30 January 2014 what will be my tax liability if my taxable income is Rs.220000(long term capital gain)?
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CMA Nishad Patkar

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CMA Nishad Patkar (Expert)
30 January 2014 Computation is as under:

LTCG-- Rs. 220000

Taxable IncoemRs. 220000

Less: Exempt U/S
Thresh Hold Limit 200000

Tax on (20000*20%) Rs. 4000
Less: Rebate U/s 87A Rs. 2000
Net Tax Rs. 2000
Ed. Cess (2000*3%) Rs. 60
Total Tax Rs. 2060
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