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Low/High Income with STCG: How Will My Taxes Be Calculated?

Anil Rego |388 Answers |Ask -Follow

Financial Planner - Answered on Feb 20, 2025

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more

Question by Arup on Feb 01, 2025Hindi

Money

1. Normal income below 12 lakhs PA but stcg is there , how will tax be computed 2. Normal income above 12.75 lakhs stcg tax how will be computed

Ans: Capital Gain (STCG and LTCG) are taxed separately and do not qualify for rebate. STCG is applicable at 20%. If it is below 12.75 together there will be no tax on income but capital gain will be taxted at applicable rates . If your income is above 12.75 lakhs - you will pay tax on the regular slab for your income and applicable taxes on STCG separately.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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