Income tax on Capital Gain

#1
What would be my income tax if my capital gain from online share trading
is Rs 120000 ? If online trading is my only source of income will I have to pay income tax on Rs 120000 ? Is the tax exemption upto RS 160000 applicable in my case ?
 
#2
no......as par i know ....you have to pay tax as par tax slabs.......so no tax for your income of twelve thousands since it is your only source of income...
 

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