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. 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

  2. BanyanFA says:

    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

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Your email address will not be published.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.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today