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Your email address will not be published.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 *
Subscribe to FREE Video Course + FREE Ebook + Future Email Updates
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Join 1,60,000 email subscribers
FREE Video Lessons directly in your email daily
144 page PDF ebook with best articles from Jagoinvestor
Get future articles directly on your mailbox + updates
6 PART VIDEO COURSE
You are subscribed for FREE Course now, Check your Email
New here? Create an account