What is Tax Implication of Long term Capital Gain and Short Term Capital Gain?

In case of Long Term Capital Gain, For Calculating Capital Gain Income, Indexed Cost of Purchase and Indexed Cost of Improvement is taken into consideration. Tax on Long Term Capital Gain is calculated at 20% of Capital Gain Income after Cost Indexation. 
In case of Long Term Capital Gain on Sale of equity or preference shares, securities such as debentures listed on a recognized stock exchange, or Units of the UTI or units of Mutual Fund specified under section 10(23D) or Zero coupon Bond, option is provided if a Person whant to consider Cost Indexation Benefit or Not. 
In such case, 
if Cost Indexation Benefit is taken, then Tax Rate is 20% of Capital Gain Income after Cost Indexation, and 
if Cost Index benefit is not taken, then Tax Rate is 10% of Capital Gain Income without Cost Indexation.

In case of Short Term Capital Gain Income, No Indexation Benefit is available.
If Short Capital Gain is earned on sale of equity share or equity oriented mutual funds, where STT is paid, then Capital Gain Income will be taxable at the rate 15%.
In all other cases, Short Term Capital Gain will be added to Normal Income of the Person, and Tax is calculated at Normal Slab Rates.