short term capital gain

Profit arising on transfer of capital asset is called capital gain.

In case of shares if period of holding is less than 1 year then it will be called Short term capital gain.

If period of holding is more than 1 yr then it will be long term capital gain.

In case of listed shares Long term are exempted from tax.

In case of Short term gain you have to pay @ 15% tax after taking advantage of basic exemption limit i.e 150000.

for example if your income is 175000 (incliding 30000 STCG) then your tax will be calculated as follows

(175000-150000)*15%

Always remember 15% is special type of rate which is chargable in case of gain arising from listed equity share(STCG)

Hope its clear.

if there is any doubt plz post your reply.

I have told you what ever you earn first deduct 150000.income above Rs.150000 are taxable.

since your income is less than 150000 therefore you do not have to pay any tax.