I have following income for FY 2022-23,
Interest Rs 15,000
Dividend Rs 22,000
Intraday Rs 103,000
LTCG Rs 200,000
STCG Rs 250,000
Total Income Rs 590,000
I have opted new tax regime.
What will be my tax liability?
I am eligible for tax rebate under section 87A?
Ans: Based on facts provided tax liability is likely to be Rs.32240 plus applicable interest. It is advisable to cross check the same with income tax calculator at https://incometaxindia.gov.in/Pages/tools/income-tax-calculator-234ABC.aspx.
Rebate is not available.