Short term capital gain

As your total taxable income excluding STCG is below the threshold taxable limit Rs 170000/-, then such shortfall can be adjusted against STCG. The balance STCG will be taxed at 15% plus education cess.

Rs 10000/- will be taxed at Rs 15% + education cess.

(I have assumed that you have paid STT and traded through RSE.)

NO U WILL NOT LIBLE TO PAY TAX.....

MORE CLEARANCE READ SECTION 87A of it act.....

No tax payable on salary. Tax payable at special rate 15% +cess for STCG.

no need to pay tax because of rebate u/s 87 A

(assuming that figures you have given is on actual basis)

as clear by jagdish.....

no tax.....

As per Sec 111A STCG on shares shall be taxed at 15% + E.C. 3%. I am not sure whether Sec.87A overrides section 111A. I'll be happy if it does!

87A overrides 111A. one will get benefit of section 87A on the income of special rate of tax