tax calculation on stcg

This query is : Resolved

Sweta (Querist)
Follow

13 July 2010 i am female and so my exemption limit is rs.190000.now i m having income from other sources say suppose rs100000;short term capital gain income=rs.500000.so can u tell me what will be my tax payable and whether tax on stcg will be payable on special rate or at what rate?give me detail explanation

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

13 July 2010 Basic exemption available for STCG also.

So tax payable on STCG of Rs. 410,000 only.

If it is in relation to shares sold on stock exchange and STT paid then 15% tax otherwise in any other case at normal slab rates applicable.

Message likes : 1 times