Profit after tax

₹2,326

Amount paid for 50 shares

₹15,000

Sale value

₹18,000

Gain over issue price

20%

STT (0.1% of the sale)

₹18

Brokerage and other charges

₹40

Tax on the gain

₹615.68

Money in hand after selling

₹17,326

Return after tax

15.51%

• Sold within 12 months: 20% tax plus 4% cess on the short-term gain, whatever your slab. If your income other than this gain is below the basic exemption limit, the unused part reduces this gain (residents only).
• STT is not deducted when the gain is worked out, but brokerage and other selling charges are. Surcharge on very high incomes is not included.
• A short-term loss can be set off against short-term or long-term capital gains, and carried forward for 8 years if you file your return on time.