Stcg is applicable as per slab or flat 20%?

Income Tax
1

Suppose there is no other income apart from capital gains , how stcg is taxed ? As per slab or flat 20% ?

2

Hello @Shridev_Nadiger

The Short-Term Capital Gains (STCG) is taxed at a flat 20% in the case of equity shares and equity-oriented mutual funds (covered under Section 111A) and at slab rates for other assets. In FY 2024-25, the basic exemption limit of ₹3,00,000 (for individuals under the new tax regime) is available, if income exceeds the exemption limit, the respective tax rates apply.

3

Thanks for reply @Shreya_Sharma
Just a scenario , suppose my STCG is 5 lakhs . In this case , 3 L will be basic exemption and 2L will be taxed at flat 20% . Is this correct?

4

Hi @Shridev_Nadiger,

Yes, your understanding is correct.