Computation of tax

Accountant.

812 Points Posted on 23 December 2013

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)

Wealth Manager

5358 Points Posted on 23 December 2013

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.

Accountant.

812 Points Posted on 24 December 2013

thanks

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