Real estate Sale save tax

Your answer is in excel file....

Hi Supriyo and others,

Please answer how much I need to invest to save Long Term Capital Gain Tax. I didnt understand all the acronyms in your spreadsheet.

1. What will be our approximate Long Term Capital Gain Tax?
2. Should we deposit the Bank Check( Sale amount) in to a new Bank Savings Account or to an old Existing Bank Savings account ?
3. How much time from the sale date do we have inorder to buy Section 54EC Bonds (NHAI bonds) to save Long Term Capital Gain Tax ?

Sale consideration                              10000000

  - Indexed cost of aquisition                 3925000

Capital Gain                                             6075000

Less Investment in 50EC Bond            5000000

Taxable Capital Gain                             1075000

Tax payable                                               221450