Assume we have following Scenario.
**PersonA = He is Salaried having yearly income of 20Lacs. **
PersonB = He is a Equity Swing Trader, making yearly income of 20Lacs.
PersonC = He is a earning 20Lacs through Salary and 20Lacs through Equity Swing Trading.
My question is
I was told that Salaried person is Taxed more than Trader. In the above case, obviously PersonA will come under 30% Tax bracket. I was told by my Auditor and PersonB will pay 15% Tax. Is it True?
How is the Tax calculated for PersonC?
Thanks for your time.