Tax Rate in case of sale of Shares

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  1. lifereddy

    lifereddy New Member

    hi I comes under 30% tax brocket, if I am getting profit under Capital Gains on sale of Shares. what will be the % tax I need to pay.
     
  2. gaurav_kumar

    gaurav_kumar Well-Known Member

    Your tax slabs are irrelevant for the payment of Capital Gains Tax in case of sale of shares.

    In case of sale of shares, the following is the Capital Gains Tax Rate-

    1. In case shares were held for more than 1 year i.e. Long Term - No Tax would be levied on the Capital Gains
    2. In case the shares were held for less than 1 year i.e. Short Term - Capital Gains Tax @ 15% would be levied.
     
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