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LTCG on sale of shares and tax slab

ARUNKUMAR (Management Consultant)     29 April 2020

Management Consultant 
 27 points

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LTCG on sale of shares is 10% above 1 lakh gain per year.
If income of a retired person is below taxable limit (0% tax slab up to 5 lakh) how much tax/LTCG he will have to pay. e.g. annual income Rs 2.4 lakh + LTCG (sale of shares) 2 lakh i.e. total income Rs. 4.5 lakh.


sanjith kotni (Articled assistant)     29 April 2020

sanjith kotni
Articled assistant 
 43 likes  658 points

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Very senior citizens (80 yrs or above ) can avail basic exemption upto 5 lakhs.

If the general rate income is exhausted ,then you can avail the balance exemption limit against Capital gains .So not required to pay.

Visit my blog and comment any doubts -

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