Computation of tax

Tax planning 293 views 2 replies

Dear all

             Pleas help us.

One has Salary inocme 360000/- STCG 80000/- LTCG. 100000/-   Investment have 100000/-

salary recieved & part time have worked on  share market. I want to know how to make taxable income. Rate of Current STCG & LTCG,

Thanks in advance

Ramanuj

 

Replies (2)

Your taxable income from salary shall be reduced from 360,000/- to 260,000/- because of investments made. The rate of tax is 10%.

STCG will be taxed at 15% and LTCG will be taxed at 20% provided you have not availed exemptions u/s 54.

Add cess to the above rates. 

thanks

 

 


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