Speculation Profit
This query is : Resolved
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.
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.
29 June 2011
Tax rate for speculation profit is normal tax rate. i.e. as per the individual slab.
30 June 2011
In your case, Speculation profit is taxable @ 10% plus 3% education cess.
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