If I bought set of equities today and sell them next year amounting to a capital gains say 1.5 lakhs. 1 lakh is exempted from LTCG and 0.5 lakh is charged with 10% LTCG tax. If my income salary bracket is in 30% then effectively 0.5 lakh reduces to 0.45 because of LTCG and then to 0.315 lakh because of income tax. Could you please let me know if my calculation is correct?
Note: Please note that this question is specific to indian context