Home > Money > Question
Need Expert Advice?Our Gurus Can Help
Vivek

Vivek Lala  | Answer  |Ask -

Tax, MF Expert - Answered on Jun 04, 2025

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more
Vilas Question by Vilas on Apr 25, 2025
Money

My salary income will be Rs 12 lakh and expect a long term capital gain of Rs 2.5 lakh from mutual funds. What will be my income tax liability? The year is 2025-26 FY

Ans: Hello, as per the New Tax Regime, no taxes for salaried people up to 12.75L including the 75K standard deduction.
For CG on mutual funds the tax is 12.5% over 1.25L of gains
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.
Money

You may like to see similar questions and answers below

Tejas

Tejas Chokshi  | Answer  |Ask -

Tax Expert - Answered on Jun 12, 2023

Listen
Money
Sir, I am having long term gain of 524352 and Short term Gain of 932400 and F&O loss of 512352. No other income. Pls advise how my tax liability would be calculated.
Ans: To calculate your tax liability in India based on the provided information, we need to consider the tax rates for long-term capital gains (LTCG) and short-term capital gains (STCG), as well as the treatment of losses from Futures and Options (F&O).

Long-term capital gains (LTCG):

LTCG on shares is taxable at a rate of 10% if the gains exceed Rs. 1 lakh.
In your case, the LTCG is Rs. 524,352, which is below the threshold of Rs. 1 lakh. Therefore, tax is payable on the LTCG @ 10% of Rs. 424,352 = Rs. 42435/=
Short-term capital gains (STCG):

STCG on shares is taxable at the applicable income tax slab rates.
Assuming you fall under the highest income tax slab rate of 30%, the tax on STCG would be calculated as follows:
STCG tax = STCG * tax rate
= 932,400 * 30%
= 279,720
Losses from Futures and Options (F&O):

F&O losses can be set off against both long-term and short-term capital gains.
In your case, the F&O loss is Rs. 512,352.
Since you have both long-term and short-term gains, you can set off the F&O loss against these gains.
Calculating the tax liability:

Net Short-term Capital Gains (STCG): 932,400

F&O Loss: -512,352

Taxable Short-term Capital Gains: 932,400 - 512,352 = 420,048

Tax on Short-term Capital Gains: 420,048 * 30% = 126,014.40

Total Tax Liability:
Tax liability = Tax on Short-term Capital Gains
= 126,014.40

Long term capital = 42435=20

..Read more

Latest Questions
Ravi

Ravi Mittal  |602 Answers  |Ask -

Dating, Relationships Expert - Answered on Jun 19, 2025

Asked by Anonymous - Jun 19, 2025
Relationship
Why do men ghost after sex? I met this amazing guy on Hinge. He was 27, well-mannered, and worked in a data firm in Mumbai. We spoke daily for three months and had amazing chemistry. From music to food, we discussed everything under the sun. We went on a couple of dates to get to know each other. When we got comfortable, we got intimate and eventually had consensual s** at his friend's house party. One week after we got intimate, he just vanished. No replies, no calls. It was my first time, so I kept wondering if I had done something wrong to upset him. My friend says it could be post-intimacy guilt. But I feel embarrassed, ashamed. I can't shake off the shame. Did I move too fast? Is this how dating works now? How can I go back to feeling normal again?
Ans: Dear Anonymous,
I am really sorry you are going through this. What happened is just as confusing as it is hurtful. Let’s get one thing straight, you did nothing wrong. You are not at fault here. Nothing you could’ve done or said should or could cause this reaction.
Coming to your first question, it is very difficult to answer it without generalizing all men. But some of the most reasons for this could be:
He got what he wanted. It sounds crass but in most cases, this is the truth. He had no intentions of being more than just that.
He might be avoiding responsibility. He didn’t want more, and the mature thing would have been to sit down and have that discussion with you. But, maturity isn’t easy and he chose the easy route, that is to ghost. His decision to disappear is a reflection of his nature, not yours.
Coming to what your friend said, it could be that too, but the chances are slim. Some men do feel overwhelmed but disappearing for over a week is a stretch. Again, it’s his unreadiness to feel so many emotions, not yours.
Now, I want to gently nudge you towards one thing: you said you feel ashamed. Shame creeps in when you hold yourself accountable for someone else’s actions. And also due to societal prejudice. Keep both aside, and you have nothing to be ashamed of. Did you move too fast? To be honest, there is no fast or slow in these things. There’s no set timeline. You did what you felt was right in the moment. And you were ready to step up, but he went MIA. The entire unfortunate turnout is not because of your pace but his lack of respect. Even if he comes up with a good enough reason for this disappearing act, I still want you to remember that not even for a second, you had anything to create this situation.


I hope this helps.

...Read more

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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x