Tax rate when STCG partly exempted in basic exemption limit

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Abhishek Agarwal (Querist)
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09 November 2009 If STCG on sale of shares on which stt is paid is exemted under basic exemption limit then what will be the tax rate applicable.
for example..income frm salary-140000
STCG on sale of shares-60000.
what is tax liability for the male individual in above example?

CA Akshat

CA Akshat (Expert)
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09 November 2009 50,000 * 20% =10,000 (ignored the investment as no details has been provided)

FIrst of all the basic exemption will be given from normal rate taxed income and then the extra will be given to CG.

Abhishek Agarwal

Abhishek Agarwal (Querist)
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09 November 2009

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Guest

Guest (Expert)

09 November 2009 Dear its 4000Rs.
& not Rs 5000