How much tax to be paid on the sale amount of my apartment in Bangalore?

I am planning to sell my apartment(in Bangalore) which I occupied in 2007 march.The construction started in dec2005 whereas we occupied in march 2007.We bought it for 33L all inclusive.Planning to sell for 37L.Prospective buyers r planning for 85% loan.
Question is:
How much tax do we have to pay?
What is the procedure for paying the tax and is there any time period for paying the tax?

In case of non-receipt of Superannuation pension through LIC, whom to approach. K Viswaprasad?

I was a member of Electrolux Superannuation Fund Trust, Delhi. I had resigned and opted for pension benefit. LIC has sent me pension in the year 2005 and 2006 Jan/Feb. However this year I have not yet received. Now that I am at Hyderabad, and the Electrolux was acquisition by Videocon, could you please guide me whom should I approach in LIC Delhi. I am only having LIC ID No.1087. Is it possible to transfer my file from Delhi LIC to Hyderabad LIC. Request please give guidance as this is an on going issue throughout and once the member is no more, it will also be difficult to delath by the nominee.

Enquiry on Family Pension of a retired Cental Govt.Employee?

One of my old aged relative was a central govt. employee who retired in mid 1975. His wife passed away due to a carcinogenic ailment. He is presently aged around 93 years, who have a son aged approx.60 yrs.old, who is a total mentally retarded with ill health and is fully dependant on his father for the last 35 years. The pernsioner is also having two younger son & daughter both married & staying in nearby area. He is staying alone with his mentally retarded son in a very shabby condition.He is having a persisting mental agony for this retarted son and want some arrangement for his crippled son before he passes away. The pensioner confides on her married daughter rather than the married son. So he wants that the family pension benefit to be passed for the maintenance of his retarded son by nominating his daughter.His financial standing otherwise is meagre for his son’s maintenance after his death. Can anyone provide detailed guidelines as to how the pensioner can make such arrangement.