Section 112(1)(ii)

(ii) the amount of income -tax calculated on such long -term capital gains at the rate of twenty per cent .: Provided that where the total income as reduced by such long -term capita l gains is below the maximum amount which is not chargeable to income -tax, then, such long -term capital gains shall be reduced by the amount by which the total income as so reduced falls short of the maximum amount which is not chargeable to income -tax and the tax on the balance of such long -term capital gains shall be computed at the rate of twenty per cent .;