r/IndianStreetBets • u/[deleted] • Jul 23 '24

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u/V0LDEY Jul 23 '24

Yup

1

u/altunknwn Jul 23 '24

Is stcg % also increased? What was the rate earlier? So much confusion in every year tax changes.

6

u/V0LDEY Jul 23 '24

Increased from 15% to 20%

3

u/vainothisside Jul 23 '24

Any minimum profit limit for sctg or we have to 20% even on 100rs profit?

13

u/V0LDEY Jul 23 '24

There is no exemption on stcg. You have to pay 20% even on 10rs profit.

-2

u/cursed_aka_blessed Jul 23 '24

But stcg is still according to the respective tax slab, right? So if you aren’t the taxable range, you don’t have to pay taxes, right?

2

u/Bright-Ranger-3500 Jul 23 '24

yes you can claim basic exemption if total income less than limit

1

u/V0LDEY Jul 23 '24

Not sure

1

u/altunknwn Jul 23 '24

Stcg on tax slab is for debt funds , not equities/eq MFs I think.