Computation of tax liability

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tejas (Querist)
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26 March 2016 when we have stcg on listed shares (chargeable @special rate 15%) can we include it up in the slabs if we still have capacity in the basic exception limit eg rs 250000 please respond thanks in advanced

Ankur Singhal

Ankur Singhal (Expert)
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26 March 2016 Dear
Under section 111A you can avail benefit of income slab in calculation of tax on stcg.
Deduct total income other than stcg from 250000.
The remaining limit you can deduct from the amount od stcg. The remaining stcg will be taxablw @15%