Tax on Capital Gain short term and long term

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Sanjay (Querist)
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26 June 2024 Sir,

I have below query :

I am salaried income along with Short & Capital Gain for the FY2023-24
1) Income earned from Salary is Rs. 412029/- deduction is Rs. 13142 HRA , Rs. 2400 Professional Tax, Rs 50000/- Standard deduction.
2) Interest from FD is Rs. 33640/- and dividend for share Rs. 11906/- 3) Deduction under section is Rs. 150000/-
4) i have earned short term profit is Rs. 28406/- and Long term profit is Rs. 124955/-

Please guide me whether i am taxable for capital gain i.,e short term amount of Rs. 28406 and long term Rs. 24955 after exemption Rs. 1 lakhs
but my total income is below 5 lakhs (including salary, interest on FD, capital gain) after deduction .

Thanks & Regards

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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26 June 2024 Yes, tax liability over the CG arises in both the regimes, due to specified rates.

Sanjay

Sanjay (Querist)
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27 June 2024 Thanks sir, for your valuable feedback

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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27 June 2024 You are welcome.

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