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Speculation Profit

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(Querist)
28 June 2011 Dear Sir,

Status: individual
Age: 30 male

Salary Income : 450000.00
Deduction: 80C:100000.00
Speculation Profit: Rs.50000

What Tax Rate Applicable For Speculation Profit

Please Suggest its Urgent.
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ABHISEK TOSNIWAL

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ABHISEK TOSNIWAL (Expert)
29 June 2011 Tax rate for speculation profit is normal tax rate. i.e. as per the individual slab.
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CA Navin Jain

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CA Navin Jain (Expert)
30 June 2011 In your case, Speculation profit is taxable @ 10% plus 3% education cess.
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