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

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Asked: Mar 19 '11 at 07:25

Seen: 2,283 times

Last updated: Mar 19 '11 at 15:37