Income tax Basic exemptions and Capital gains

This discussion clarifies whether a Super Senior Citizen, whose normal income is below the basic exemption limit of Rs 5 Lakhs for AY 2025-26, can club their long-term capital gains with normal income. The consensus is yes, allowing them to utilise the full Rs 5 Lakh exemption. Any remaining capital gains will be taxed at the special rates applicable to long-term capital gains, as per Section 112A.