TAX ON SALE OF EQUITY SHARES

STCG on share recognized in Stock Exchange @ 15% (Sec 111A ) 

Otherwise taxable @ normal tax rate .

Important Note : Maximum Surcharge applicable to CG u/s 111A or 112A is @ 15 % , if applicable irrespective of Total Income 

YES sec 111A has conditions 

specified securities (listed shares/ equity oriented units / units of Business Trust ) 

STT has been paid at the time of purchase and sale (with some exceptions) 

then only STCG shall be chargeable to Tax @ 15%