income tax

POSTED BY biswajit baisak ON February 18, 2012 12:02 pm COMMENTS (2)

I m a salaried person in one of the psu bank. I also have some good profits in the share market in future and options segment. How to calculate the total tax implication on me ?

2 replies on this article “income tax”

  1. ashal jauhari says:
    February 18, 2012 at 8:13 pm

    Dear Biswajit, The Gains from F & O ‘ll be classified as STCGs & the same ‘ll be taxed @ 15.45% rate. While filing your tax return, please use ITR – 2 form.

    thanks

    Ashal

    Reply
  2. BanyanFA says:
    February 18, 2012 at 3:57 pm

    Profits under future and options segment would be classified as Short Term Capital Gain. You would have to pay STCG @ 15% on the gains.

    Regards
    BFA

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.