I just want to know about short term capital gain tax. if my income is rs.3 lakhs per annum and i earned rs.4 lakhs from commodities market so i have to give separate 15% tax on the basis of rs.4 lakhs or 4+3= rs. 7 laks income * which have tax.
If your short term capital gain make excess of basic exemption,than there is relif.
First tell me whether Rs 4 lacs include STCG . if it inculude than income tax will be
Rs (400000-150000)=250000, tax= 250000*15%=37500+education cess 3%=38625