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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)
Quick Summary
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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