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Tax on equity

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(Querist)
08 June 2013 hi, pls confirm amt earned through equities (short term) do we need to pay any tax & this is additional income otherthan salaries, if yes what will be the percentage to be paid. pls note total income including equities & salaries is with in the tax bracket. does this income liable for tax
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
08 June 2013 Though tax is leviable on Short Term Capital Gains on equities (STT paid Case) @ 15% yet in your case, since the income is below taxable level, no tax will be payable.
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