Will go with what
@Display mentioned. Thanks 👍
Let's say, if you bought shares with average acquisition cost of say Rs 2,00,000 held it for one year (365 days) and then sold at say Rs 3,50,000, thereby pocketing gains of Rs 1,50,000 called LTCG.
Tax upto Rs 1L is nil on LTCG, therefore balance LTCG will be just Rs 50,000 on which you need to pay 10% tax that makes tax liability as Rs 5,000
After recent budget announcement. Rate of tax is enhanced to 12.5% and first Rs 1,25,000 is exempted. With above example figures, tax on LTCG will be 25,000x12.5/100 or Rs 3,125
Hope it vlarifies your doubts 🙏