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My main income is from share market. There is already tax imposed while buying or selling shares. Is these income from stocks taxable in India? If so how much tax should I pay in percentage? What are the slab rates for tax from share market income?
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In India, income from stocks or shares is taxable as per the slab rates applicable to you. The tax slab rates differ based on the income tax slab you fall under. Generally, short-term capital gains (STCG) from stocks and shares are taxable at 15%. Long-term capital gains (LTCG) are taxable at 10% if the amount of LTCG exceeds Rs 1 lakh in a financial year. 

However, you can make certain tax exemptions for your share market income. You can avail tax deductions under Section 80C of the Income Tax Act, 1961. Under this section, you can get deductions up to Rs 1.5 lakh in a financial year on investments made in specified instruments such as life insurance premiums, equity-linked savings scheme (ELSS) mutual funds, etc. 

You can also avail the benefits of long-term capital gains tax exemptions under Section 10(38). This section states that long-term capital gains from any listed security or unit held for more than 12 months will be exempt from tax. 

In addition to the above, you can also avail the benefit of capital gains tax exemptions under Section 54EC. This section states that long-term capital gains arising from the Transfer of a Long-Term Capital Asset can be invested in specified bonds within 6 months of the transfer to be exempt from tax. 

Thus, you can avail certain tax exemptions for your share market income in India. It’s advisable to consult a tax expert to know more about the applicable tax slab rates and exemptions for your share market income.

10 Answers

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We already paid tax while do trading. So there is no need to pay tax further. For each trade you are paying for tax too. So not necessary to pay tax. 
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Well their are no need for you to past tax as their on uyou stock you already paying taxes so their is need for you to do that
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Share market income in India is taxable, and the applicable slab rate depends on your total income. 

If your income is below Rs. 2.5 lakhs in a financial year, you are exempt from income tax.

If your total income is between Rs. 2.5 lakhs and Rs. 5 lakhs, then the applicable tax rate is 5%. 

For income between Rs. 5 lakhs and Rs. 10 lakhs, the applicable tax rate is 20%. 

For income above Rs. 10 lakhs, the applicable tax rate is 30%.

In addition to the applicable tax rate, you also have to pay a securities transaction tax (STT) of 0.025% while buying or selling shares. 

There are also certain tax exemptions available for long-term capital gains from equity shares and equity mutual funds. If you have held the shares or mutual funds for more than 12 months, the applicable tax rate is 10%, with no indexation benefit. If you have held the investments for less than 12 months, the applicable tax rate will be the same as your marginal tax rate, depending on your total income. 

You can also save tax by investing in equity-linked savings schemes (ELSS). ELSS has a lock-in period of 3 years, and investments up to Rs. 1.5 lakhs are eligible for a tax deduction under Section 80C of the Income Tax Act. 

Finally, you can also avail of tax deductions on interest payments on margin money borrowed from a bank or a broker for investment in shares. 

We recommend that you consult a qualified tax professional for advice specific to your situation.
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This will depend on the tax jurisdiction and the specific circumstances of the individual case. Some general tips that can be useful include trading oranges as well as other stocks and trading on a regular basis for fear of price rises. If you have more out-of-pocket costs for trading shares, you may find that your shares are taxable in a special state of the tax code known as a "T state." To find the tax rate for this particular example, simply double the price of the share you are trading. This would be $10,000 for an individual and $20,000 for a company. For example, if one is trading only a few shares in a day, the tax rate would be PT 10,000/24,715 = 0.25%.
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In India, long-term capital gains from equity investments are currently exempt from tax if the gains are below a certain threshold. Consult a tax professional for specific advice on how to make tax exemptions for share market income based on your individual circumstances.
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To reduce cholesterol levels naturally, yoIn India, long-term capital gains from shares and equity mutual funds are currently exempt from tax up to a certain limit. To avail of this exemption, you need to hold the shares or mutual funds for at least one year before selling them. You also need to file your income tax returns and report the capital gains in your tax return. It's recommended to consult a tax expert for further guidance on tax exemptions for share market income in India.u can incorporate dietary changes such as consuming a diet rich in fruits, vegetables, and whole grains, and limiting intake of saturated and trans fats. Regular exercise and maintaining a healthy weight can also help lower cholesterol levels. Additionally, quitting smoking, reducing stress, and limiting alcohol consumption can also help improve cholesterol levels.
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If you treat your income as capital gains, expenses incurred on such transfer are allowed for deduction. Also, long-term gains from equity above Rs 1 lakh annually are taxable, while short-term gains are taxed at 15%.
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benefits of long-term capital gains tax exemptions under Section 10(38). This section states that long-term capital gains from any listed security or unit held for more than 12 months will be exempt from tax. 
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you can make certain tax exemptions for your share market income. You can avail tax deductions under Section 80C of the Income Tax Act, 1961. Under this section, you can get deductions up to Rs 1.5 lakh in a financial year on investments made in specified instruments such as life insurance premiums, equity-linked savings scheme (ELSS) mutual funds,
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In India, you can qualify for long-term capital gains tax with indexation benefits by doing one of the following things: 1. Holding shares for more than a year.

2. Making use of the Section 80C deduction by making investments in certain tax-saving products.

3. Choosing the recently enacted, lower-rate concessional tax system.

4. Making use of deductions from certain investments and expenses under Sections 80D, 80E, and other provisions.

5. Being aware of how different types of income, such as dividends, short-term gains, and long-term gains, affect taxes.

6. Speak with a tax expert to make sure you take advantage of all legal exemptions possible.
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