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Is capital gains income included in new tax regime?

Vivek Lala | Answer |Ask -Follow

Tax, MF Expert - Answered on Feb 09, 2025

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more

Question by Vijayaraghavan on Feb 09, 2025Hindi

Money

In the New tax regime income up to 12 lakhs has been made tax free. If this total income of 12 lakhs includes 3.5 lakhs of capital gains, is the total income still tax free or this 12 lakhs is exclusive to salary income only, as is made to appear in some of the write ups in newspapers for the last 10 days and creating confusion in the minds of readers.

Ans: Capital gains is different and has its own deductions whereas income is seperate with its own deductions
So yes there will be some tax as per the final computation

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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