TAX CALCULATION
This query is : Resolved
15 September 2009
income from other source Rs 50000
Income from STCG(111A) RS 60000
Income from LTCG RS 60000
WATS MY TAXABLE INCOME OR COMPLETION OF MY BASIC EXEMPTIOM LIMIT I CONSIDERED FIRST STCG OR LTCG
Income from STCG(111A) RS 60000
Income from LTCG RS 60000
WATS MY TAXABLE INCOME OR COMPLETION OF MY BASIC EXEMPTIOM LIMIT I CONSIDERED FIRST STCG OR LTCG
16 September 2009
first consider the STCG and then LTCG. In your case total income is Rs. 1.70 lacs. After basic exemption limit LTCG chargeable to tax is Rs. 0.20 lacs.
17 September 2009
thanks
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