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.
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