Present invention provides a delayed release capsule comprising a core containing dexlansoprazole or pharmaceutically acceptable salt thereof, alkaline agent and at least one pharmaceutically acceptable carrier, a subcoat of water soluble film forming polymers wherein about 0 to 50 % of the subcoated core, is coated with an enteric coat that dissolves in the pH range of about 5.0 to about 5.5 and about 50 to 100% of the subcoated core, is coated with water insoluble polymer, water soluble film forming polymer and plasticizer followed by the coating comprising an enteric polymer that dissolves in the pH range of 5.0 to 5.5.