Tax on profit in shares

No tax is to be deducted from gains from transfer of shares.

Correctly pointed out by Akshay.

Section 10 (38) exempts Long term Capital gain  from the transfer of equity shares or equity linked MFs

Short term capital gain, profit on sale within one year of date of purchase will be subject to a TDS of 15 % and Long term capital gain will be subject to a TDS of 20%., this rates are applicable for the NRI's but for the Resident TDS is not applicable.

So what is the amount of tax on short term capital gain on shares? Is it flat 10 % or 15 %? For salary there are slabs of 10 %, 20 % and 30 %. So is it in that case only a constant rate of  income tax is applicable?

there are flats rates for short term and long term capital gains ...

Akshay

Can you please expalina what you mean by 'Yes the rate for capital gain on shares are different'? You only wrote earlier that the tax rate is fixed and the values is 15 %.

Thanks

LTCG on Shares is exempt

STCG on shares is 15%