Rebate on other income even if LTCG is above my 12 lakhs

If you are planning to reply to this post on the forum, here is a clear, concise response you can use:

Yes, you will get the rebate u/s 87A against the tax on your other income, provided your overall Total Income (Net Taxable Income) does not exceed the threshold limit of the tax regime you have chosen.

• If you are under the New Tax Regime: Your taxable income must be $\le$ ₹7,00,000 to claim a rebate up to ₹25,000.

• If you are under the Old Tax Regime: Your taxable income must be $\le$ ₹5,00,000 to claim a rebate up to ₹12,500.

Key Point: The rebate is fully allowed against tax on "Other Income" and normal LTCG (u/s 112). It is only restricted against LTCG from equity u/s 112A. If the system utility is showing an error or denying the rebate, double-check if your total net taxable income has accidentally crossed the ₹5 lakh / ₹7 lakh barrier due to the gross capital gains entry.