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
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
Chirag N Shah & Associates
Mumbai
CA Inter
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Interactive Media Pvt Ltd.
New Delhi
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