Can Short Term Capita Gain lead to chnage in slab

Dear Rajat,

For FY 2009-2010, Exemption Limit is Rs. 1,60,000

Nw, ur  Salary = 1,20,000

             PGBP   = 1,30,000

             STCG    = 2,50,000

                              ------------------

GTI                              5,00,000

Less Deduction        Nil (assumed)

                               --------------------

Total income               5,00,000

                             ----------------------------

Computation of Tax Upto 1.60,000  - Nil

From 1,60,000 to 3 Lacs  - @ 10% = 14,000

From 3 Lacs to 5 lac - @ 20% = 40,000

                                                       ----------------

                                                        54,000 (+Education cess @ 3%)

In short STCG on sale of Lansd is treated as Ordinary Income.

Yes.....Amir brother is rite...........

STCG on sale of land is treated as Ordinary Income.....and taxed at slab rates and not special rates....

STCG on sale of shares is taxed at a flat rate of 15%.......

Yes STC gains other than u/s 111A is taxable under slab rates and STC Gains u/s 111A taxable @ 15%