February 18, 2012 12:02 pm
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 ?
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.
Profits under future and options segment would be classified as Short Term Capital Gain. You would have to pay STCG @ 15% on the gains.
Your email address will not be published. Required fields are marked *
Please subscribe me to your Email Newsletters
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Download Our FREE Ebook!
Available only for first 100 people today
New here? Create an account