1) Does short term gain attracts surcharge tax of 10% apart from eduction cess of 3% ?
2) is the short term gain tax of 10% is to be added to the net taxable income from salary & other sources like interest and then need to calculate the surchage and eduction cess tax ? or surcharge and educess need to calculated separately for ST gains ?
Thanks
Josh
Surcharge & E.c is applicable on stcg.
it is applied after adding the other normal income..
First It is added in GTI And Then separated For To be Taxed Separately
Surcharge is Applicable if it is Above limit of 10 lacs for individual, huf.
educ.cess 3% is also applicable
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