Income tax on earning from Trading in Share Market

My Basic Salary is 10,000 Rs month , and i earned around 200,000 rs since jan 2011 via trading in share market,

and as per my assumption i will earn around 400,000 via share market and 120,000 from salary so there is any tax which i have to pay, i am living in a rented house which cost me 72,000/year

asked Mar 19 '11 at 07:25 by Siraj 1111

Its not possible to compute income tax by looking into just these figures. Is the share market gain short term (less than a year) or long term (more than a year)? Are you a normal investor or a stock trader? Does your salary has only basic salary component or other allowance likes HRA, Medical, LTA etc are also there?
(Mar 19 '11 at 15:37) pankaj

Know someone who can answer? Share a link to this question via email, twitter , or facebook
.

Be the first one to answer this question!
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text](http://url.com/ "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported

Tags:

×777
×339
×18
×9

Asked: Mar 19 '11 at 07:25

Seen: 2,177 times

Last updated: Mar 19 '11 at 15:37