Rebate u/ 88E

Yes , he will get a rebate . This is because the section while specifying the amount of deduction says " amount equal to sec. transacion tax paid on taxable securities transaction during the year."

It does not say only  that STT which is  paid in respect of taxable positive income.

i want to know about determining about tax liabilites.

NET PROFIT AS PER P/L ACCOUNT                    10,00,000/-

LESS . ADJUSTEMENT   FOR NORMAL TAX          3,33,000/- including stt 1,50,000/-

NET PROFIT                                                                  6,67,000/-

our tax  at normal rate  2,00,000/-

u/s 115JB tax liabilites 1,00,000/-

s.t.t. paid 1,50,000/-

How to calculate average rate in security transaction tax?

Please, Explain with example.