Income only with share market around 5-6 lack

SInce you are earning short term capital gain from trading is around RS 4 lakhs ( assuming it's a listed shares ) will be taxable @ special rate of 20% u/s 111A under Income tax act 1961, provided if you have suffered a loss in same FY then you can set off with this income. otherwise you are required to pay tax @ 20% on this income.