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IT on capital gain on sale of shares

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143 Points Posted on 23 December 2019
If I earn capital gains of Rs.1.5 lacs how much to pay income tax at what rate. Please clarify.
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On 23 December 2019 at 19:21 Report
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SEO Sai Gr. Hosp.
211624 Points Posted on 23 December 2019

For LTCG  over sell of listed shares... Rs. 1 lakh is exempt....

Thus over 50 thousand... @ 10% rate its just... Rs. 5,000/- + cess...

For STCG.... of listed shares its 15% + cess...

581 Reply
On 23 December 2019 at 19:43
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143 Points Posted on 23 December 2019
Thanks for the prompt reply
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On 23 December 2019 at 19:51
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97 Points Posted on 23 December 2019
If you acquired shares on or before 31/01/2018 than you may benefit of grandfather cost Rule.
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On 23 December 2019 at 23:43


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