It’s taxing: Pay tax on long-term cap gains, even if your taxable income is below Rs. 5 lakh

The latter stand to benefit because of a rebate mechanism, that was introduced by the interim budget of 2019. A rebate is a deduction from the I-T payable and section 87A of the I-T Act allows for a full rebate from tax for an individual having income up to Rs. 5 lakh subject to an upper cap of Rs. 12,500.

from Tax-Wealth-Economic Times https://ift.tt/3K1Hp1A