CAPITAL GAIN

Yes it is taxable. LTCG / STCG is taxed at a flat rate and not as regular total income.

It depends..

If it is short term capital gain then rebate is applicable .So there won't be any tax upto 5lacs.

However long term capital gain is taxable since tax payer get benefit in the form of indexation and other 54 series deductions.No rebate applicable.It is taxable..

Under both the cases upto 250000/- exempt