Tax calculation on shares

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Pooja (Querist)
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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

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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

Pooja

Pooja (Querist)
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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

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 March 2025 No tax liability over the total income.

Pooja

Pooja (Querist)
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27 March 2025 If for the financial year fy 24-25, I have only long term capital gains on shares of 7 lacs and no other income, on what amount will the tax be charged?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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27 March 2025 on Rs. 2.75 L LTCG...