banner_ad

INCOME tax calculation query

Others 308 views 2 replies

I'm 24 years old indian citizen doing equity investments.
I have 12 Lakh short term capital gains in sold equity shares. No other income. No deductions. What is total income tax to be paid

1. 180000 ( only short term capital gains tax) 
Or
2. 63000( income tax on amt 11.2 L) + 180000( STCG)  = 243000


 

Replies (2)
Secuties transaction tax paid or not.Sec 112AA is attracted.
The whole Short Term Capital Gain of ₹12 lakhs is taxable @ 15% as per Section 111A. Therefore, ₹ 12 Lakhs * 15% = ₹ 1,80,000 + 4% HEC ₹ 7200.
Total Liability = ₹ 1,87,200


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details