Hi Everybody,

I am a 28 years old salaried govt. employee and my yearly salary is 5.5 Lac. As per my Tax bracket my employer deduct Tax every month from my salary.

Now, i have some questions:-

I have invested some amount in Mutual Fund. As per MF account statement /portfolio it shows:-

(1) ICICI Focussed Bluechip Fund-Regular (G)

Amount Invested= 53430, Market value= 73949.

Short Term  Gain= 3732 and Long term Gain= 16787

(2) ICICI Pru Gold Savings- Direct (G)

Amount Invested= 47500, Market value= 44669.

Short Term  Loss= 2831.

I want to redeem both my fund due to some urgent need of money. I want to know how will I have to pay Tax on the capital gain/loss? How will i calculate the capital gain/loss and where should I have to pay my taxes? Should i show my gain to my employer(if yes then how?) or will I have to pay at the Income tax office? As per the above investment how much is the tax to be paid?

Kindly provide some solution. Thank You.