Mr. Ashutosh, aged 65 years and a resident in India, has a total income of 3,20,00,000, comprising long term capital gain taxable under section 112 @ 20% of 57,00,000, long term capital gains taxable

Bharath · 9 Dec 2025

Ltcg 112 is 1140000 Ltcg 112A is (650000-125000)*10% =637500 Other income is 300000 to 500000 @5% = 10000 500000 to 1000000 @20% = 100000 1000000 to 18800000 @30% = 5640000 Total= 7527500 + Surcharge @ 15% = 1129125 + H&E cess @4% = 346265 Tax liability is 9002890