Will your Rs 12-lakh salary enjoy ‘nil’ tax even with additional STCG income? Here’s what experts say

Chartered accountants differ on a salaried taxpayer’s eligibility for the tax rebate if her total income—including special rate income such as short-term capital gains—is over Rs 12 lakh but the salary component itself does not exceed the threshold. The income tax department ought to explicitly clarify its position on the rule, they say..