Team,
Please help me to calculate tax liability, i am salaried person and using Zerodha
Gross Income = 950000
Taxable income = 875000
STCG = 94585
LTCG = - 138930 (negative)
Dividend & interest = 22000
Non Equity profit = 43328
If i fill ITR2 using new tax regime then how much tax i will pay ?
Under the New Tax Regime for AY 2026-27, your total normal tax on salary and other income is fully waived off via the Section 87A rebate because your income is under ₹12 Lakhs. However, you must pay a flat 20% tax + 4% cess on your equity short-term capital gains (STCG). Your final net tax liability will be ₹19,670, and your Long-Term Capital Loss of ₹1,38,930 will be carried forward to future years.
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
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CA Suraj Garg & Associates
New Delhi
CA Final
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CCI
Pro
CAclubindia
