WebThe average local income tax collected (as a percentage of total income) is 0.13%. While … WebApr 10, 2024 · Your short-term capital gains will be taxed at Rs 45,000 at a rate of 15%. …

Capital Gains Tax Rates for 2024 vs. 2024 Kiplinger

WebExample of STCG Calculation on Shares – Mr Dutta invested in 300 listed equity shares in December 2024 at the rate of Rs. 100 per share and paid a total sum of Rs. 30,000 on them. Next, he sold the shares at the rate of Rs. 150 per share in May 2024, after 5 months and acquired Rs. 45,000 as profit. WebThe short-term capital gains tax comes under Section 111A of the Income Tax Act. Currently, the rate of income tax on short-term capital gains stands at 15%. This short-term capital gains tax rate does not include the surcharge and cess that may be applicable. flowers that are hard to find

Clarification regarding STCG and LTCG when your total income ... - Reddit

WebIf the conditions of section 111A as given above are satisfied, then the STCG is termed as STCG covered under section 111A. Such gain is charged to tax at15% (plus surcharge and cess as applicable). With effect from Assessment Year 2024-18, benefit of concessional tax rate of 15% shall be available even where STT is not paid, provided that WebFeb 6, 2024 · STCG = 100 shares * (1600 – 1000) = INR 60,000 Tax Liability = 15% * 60,000 = INR 9,000 Mr. A sells these shares next year at market price of INR 1400 Sale of shares after 12 months is a Long Term Capital Gain. LTCG = 100 shares * (1400 – 1000) = INR 40,000 Tax Liability = NIL (Exempt up to INR 1 lac) Treatment of Loss on IPO Listing WebApr 12, 2024 · For example, if an investor bought a stock for $500 and sold it for $800 … greenbox facilities limited