6000 will be charged @ 20% whihc is the applicable tax rate fot LTCG.

means if total income here is 206000(150000+56000),then tax slab is not applicale on remaining 6000? 6000 will b taxed at 20%?

Yes Ashima as said by Giridhar, The Normal income tax rate doesn't apply on special income like STCG, LTCG, Winning from Race Horses, Lottery Income etc.

In case after considering the basic exemption limit if there remains any special income then that remaining special income will be chargable at their special rate but not at normal rate.

Here the special rate is 20% on LTCG.

Originally posted by : ashima
	hi.if a resident asesse has income from other sources 56000 and long term capital gain of 150000 then hw will tax b computed? will tax  b computed according to tax slab or 6000 will b taxed at flat rate of 20%?

If income from other sources has not contains any casuals income like winning of lotteries etc. then Long term capital will be taxable @ 20.6% (20*(1.03))

and if no then no tax will be paid on LTCG & other sources income will be taxable @ 30.9% (30(1.03))

20% on 6000....

144000?

but ltcg is of 150000.................

and even in book answer is 1236....................

According To Section 112 of the Income Tax Act, If Total income of Resident Individual/H.U.F as reduced by LTCG  is less than the exemption limit. Then, LTCG shall be reduced by that much amount by which income falls short to exemption limit.

As per Your question Income from other sources:56000, LTCG :150000

Basic Exemption limit is Rs. 200000

LTCG shall be reduced by Rs.144000 to make other Income to Rs. 200000 i.e Basic Exemption Limit.

Balance Rs. 6000 will be Taxed @ 20%.

Sir  Plz  clarify  …..

(1)Bank  started  in  Jan 2013……   Bank  paid  rent  from  oct  to  Dec  2012    after  deducting  TDS.

TAN  taken in  Jan 2013.  Q3 retun  not filled   ……… In    q4   what will be  TDS  implements

&  how  to  show in q4  for  tds   for  Oct  to Dec  12.  Further  Rent for  March  paid  in  April &  tds deposited  in  April  13  so  it   must  be  in q1 2013.

Piyush I am 100% agree with you..here I would like to add one thing that if income from other source is casual income i.e. winning from horse race, lottery the same will be taxed separetly i.e. @ 30%. 

Piyush explanation is nice, the balance 6000 after basic exemption limit will be taxed separetly @ 20%.