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Tax on stcg
STCG ON SHARES RS. 3,50,000 Speculation on shares profit 50,000 other income RS. 2,00,000 80c rebate RS. 1,50,000 can avail ?
Replies (7)
Your tax liability will be after giving rebate of 12500 rupees comes around 18200 rupees under old regime
Tax payable on STCG to the extent on 200000/- @ 15% under old regime
Total Taxable income will be
| STCG u/s 111A | 3,50,000/- |
| Other Income Less Deductions | 1,00,000/- |
| Gross Total Income | 4,50,000/- |
Tax on income will be:
| STCG u/s 111A | Rs. 30,000.00/- |
| Less: Rebate | Rs. 12,500.00/- |
| Total Tax | Rs. 17,500.00/- |
Tax including cess will be 18200 rupees
Yes you can claim 80C Deduction .
Yes you can claim 80C Deduction of Rs 150000.00
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