IT on capital gain on sale of shares

23 December 2019

If I earn capital gains of Rs.1.5 lacs how much to pay income tax at what rate. Please clarify.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177824 Points)
Replied 23 December 2019

For LTCG over sell of listed shares... Rs. 1 lakh is exempt....

Thus over 50 thousand... @ 10% rate its just... Rs. 5,000/- + cess...

For STCG.... of listed shares its 15% + cess...

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Subbiah Mathurappan (139 Points)
Replied 23 December 2019

Thanks for the prompt reply

harish prajapati (97 Points)
Replied 23 December 2019

If you acquired shares on or before 31/01/2018 than you may benefit of grandfather cost Rule.

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