ranjitkarmakar (service) (303 Points)
13 March 2011Dear Sir/Senior please help me in following situtation,
if some one annual Salary income is Rs. One lac only and short term capital gain is rs. 24200/- STT paid and speculation gains is Rs. 2000/- STT paid for the financial year 2009-2010 than what will income tax liability
CA SHRIPAL LUNIYA
(CA, CS Final & M.Com)
(744 Points)
Replied 13 March 2011
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Short Term Capital Gain @ 15% |
|
|
27600 |
|
Total Tax |
|
|
27600 |
|
Sec. & Hr. Sec. Educational Cess (2+1)% |
|
|
828 |
|
|
|
|
28428 |
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 13 March 2011
| Originally posted by : ranjitkarmakar | ||
 |
Dear Sir/Senior please help me in following situtation, if some one annual Salary income is Rs. One lac only and short term capital gain is rs. 24200/- STT paid and speculation gains is Rs. 2000/- STT paid for the financial year 2009-2010 than what will income tax liability |
 |
salary 100,000
STCG...24,200
speculatiion 2000
===============
total .....1,26,200
INCOME TAX PAYABLE = NIL
CAclubindia
