How the income tax slabs will be there on the profits gained in shares

Discussion in 'Money Matters' started by navathaj23, Sep 4, 2015.

  1. navathaj23

    navathaj23 New IL'ite

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    Hi all,

    if i buy a shares today at a rate of 10,000rs and when i sell the shares with a profit of 5,000 then what will be the income tax i need to pay and how it works...

    i heard in some news channel there are different type of investors and diff type of taxes on it...
    1)if we sell the shares with in 1yr it be 15% income tax
    2) if we sell in btn 1yr to 3yr it will be 0% income tax
    3) if we sell after 3yrs it will be based on normal income tax slabs...

    is this correct ????
    if wrong please correct me...

    Thanks in advance
     
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  2. rohsiK

    rohsiK Gold IL'ite

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    Short term capital gains (less than a year) from the stock market will be subject to 15 percent tax whereas long term investments (>12 months) in equities and mutual funds (that invest in equities) are exempt from tax. Dividend received on shares held in a company is fully exempt from payment of tax....
    Where as for Non equity MF's for a period less than one year the tax rate applicable as per individuals tax bracket and for a period greater than one year it would be 20 percent for listed funds (With indexation) and 10 percent for unlisted funds without indexation...
     

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