Short-term capital gains tax applies if you sell the shares before 12 months of holding

I am new to stock markets. Please help me understand and calculate STCG. I purchased shares of ABC Co. Ltd at Rs100 and sold at Rs125 and paid brokerage of Re1 on buying and selling and paid STT of Rs0.50 on buying and selling. What will be my STCG?

—E. Radhakrishnan

Gains arising from the sale of shares listed on a recognized stock exchange are taxable as short-term capital gains if such shares have been held for less than 12 months before being sold. Tax is payable at 15% (plus applicable surcharge and cess) on STCG arising from listed shares (Securities Transaction Tax paid) under section 111A of the Income-tax Act, 1961.

Click here to read more>>