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Tax rate when STCG partly exempted in basic exemption limit

This query is : Resolved 

09 November 2009 If STCG on sale of shares on which stt is paid is exemted under basic exemption limit then what will be the tax rate applicable.
for example..income frm salary-140000
STCG on sale of shares-60000.
what is tax liability for the male individual in above example?

09 November 2009 50,000 * 20% =10,000 (ignored the investment as no details has been provided)

FIrst of all the basic exemption will be given from normal rate taxed income and then the extra will be given to CG.

09 November 2009

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Guest

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Guest (Expert)
09 November 2009 Dear its 4000Rs.
& not Rs 5000

10 November 2009 Dear Expert,

Tax liability of male individual shall be 40000*15.45% = 6180.

Regards
Juzer


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