Tax calculation on shares
This query is : Resolved
24 March 2025
For fy 24-25 I have got speculation intraday trading profit of 100000 (1lakh),SHORT TERM CAPITAL GAIN ON SHARES IS 4 LAKH AND LONG TERM CAPITAL GAIN OF 3 LAKH. ON WHAT AMOUNT OF SHORT TERM CAPITAL GAIN I WILL HAVE TO PAY TAX.And WHat tax I will have to pay on intraday speculation profit of 1 lakh? I am a senior citizen, and i have no income othan this income
24 March 2025
1. No tax liability over the intraday profit and over 2 lakhs STCG.
2. Over LTCG.. @ 12.5%... 3 lakhs less 1.25 L u/s. 112A
3. Over STCG @ 20% ... 2 lakhs
2. Over LTCG.. @ 12.5%... 3 lakhs less 1.25 L u/s. 112A
3. Over STCG @ 20% ... 2 lakhs
24 March 2025
in another case only intraday profit of 1 lakh and LONG TERM PROFIT on shares of 3 lakh there is no other income and no short term capital gain what will be the tax on long term capital gain
24 March 2025
No tax liability over the total income.
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