Exemption and 80c benefit for ltcg

Virendra Gupta (CMA) (182 Points)

20 March 2018  

Suppose I have salary income of Rs.2lk and other souces income of Rs 50k and LTCG is Rs.1.25 lk/- and i also Invetsment in chapter VI-A of Rs.70000/-

As per the AY 2018-19 basic exemption slab is Rs.2.5lks after that 5% tax would be application till Rs.5lks.

My query is whether 80c deduction can be claim against the income before leaving the LTCG tax. also rebete u/s 87a can be availble for long term gain.