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of <h1>Long-term capital gains on equities with STT taxed at 12.5% above Rs125,000; remaining income taxed at normal rates</h1> Where total income includes long-term capital gains from equity shares, units of equity-oriented funds or business trust units on which securities transaction tax has been paid, tax is computed by taxing such gains above Rs.125,000 at 12.5% and taxing the balance income (total income minus those gains) under normal rates. Resident individuals/HUFs may offset gains to the extent their reduced income falls below the basic exemption. The STT condition does not apply to transfers on recognised IFSC exchanges for foreign-currency consideration; the government may notify other exceptions. Deductions and rebate are applied after excluding these gains. Equity-oriented funds must meet specified 90%/65% equity investment thresholds.
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