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.
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.
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