Tax on investment income and long-term capital gains

The Income-tax payable, on the total income of an assessee, a non-resident Indian, which includes income specified in column B of Table below, shall be the aggregate of the amounts mentioned in column thereof. Table Sl. Income Income-tax payable No. A B C 1. Income from investment or income 20 % from long-term capital gains of an asset other than a specified asset. 2. Income from long-term capital gains 12.5% on specified asset. 3. Total income as reduced by income Income-tax chargeable referred to against serial numbers 1 such income. and 2.