IOS And CG

195 views 6 replies
I'm having LTCG of Rs. 295000 ( Dop after 31.03.2018) and stcg of Rs. 73000
Also I'm having
SB INT for 46000
FD interest for 4300
Dividend for 37000

How to calculate tax ?

(ie) LTCG @ 10 %
Stcg @ 15%
and IOS 87300 @ slab rate .

Kindly confirm.
Replies (6)
STCG is from sale of shares or other assets
Stcg and ltcg on sale of equity shares
Whether senior citizen or not

HERE IS CALCULATION HERE IS CALCULATION IF YOU ARE NOT SENIOR CITIZEN

 

 

Not a senior citizen
can I take rebate for them?
You get exemption of Rs. 250000 , so interest on fd & saving account, dividend , short term capital gain completey not taxable. LTCG of Rs 89700 is exempt as covered under exemption limit of Rs. 250000 .

Out of Balance LTCG, 100000 exemption specifically allowed , then balance LTCG of Rs.105300 taxable @ 10% without indexation and 20% if with indexation.

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