Tax on short term capital gain, Income Tax

[Krunal Bhatt]

Hi,

I have one doubt regarding tax calculation on short term capital gain.

Scenario: My anual salary income is 9,00000 and if i gain 12,00000 as short term capital gain from share trading. I have calculate tax from some online tax calculator site and it is showing me around approx, 4.50,000 as tax amount.

As per my understanding 15% is on short term gain as it should be 1,80,000 and for my salary around 55,000 which turns to approx. 235,000, then why it is showing 4,50,000 on tax calculator on online site.

Please advise me.

Posts / Replies

[Ganeshan Kalyani]

Sir, can you share with us the link in which you are trying to calculate income tax amount. We shall try to work out if you can give some more details like income, investment etc etc. otherwise please let us know the Financial Year and link. Thanks.