Tax implications on stcg on sell of listed shares

Harsh Rathod (Engineer) (34 Points)

18 May 2015  

In case of an residant individual, 

What are the tax implications on both the below cases ? 

Case 1:

Gross Salary income : Rs 2,75,000
Income from Other Sources :Rs 10,000
Deduction under 80 C : Rs 1,50,000
short term capital gains on sale of shares listed on stock exchange : Rs 1,00,000

Case 2:

Salary income : 0
income from Other sources : 0
Deduction under 80C : 1.5 lacs
short term capital gains on sale of shares listed on stock exchange : Rs 3 lac

 

Request to please clarify