Income tax on share trading income

Dear Sir,

If a 30-year-old does not have any source of income and only earns Rs. 4 lakhs per annum from short-term capital gains in the share market, with this being the only income per year, is the following understanding correct?

After applying the standard deduction and deductions under section 80C, if the remaining income falls below the taxable income slab, is income tax not applicable on the remaining balance, or is the 15% tax on short-term capital gains mandatory even if the total income falls under the non-taxable income slab?

Pleas clarify

Replies (1)

Deductions u/s 80C or standard deduction not applicable in your case.

Tax liability will be over the STCG which is over and above BEL.

i.e over 1 lakh in New regime or 1.50 lakhs under Old regime.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details