Income tax on income from Stock market - F & O?

Question

Suppose i earn annually income of around 3 lacs from futures & options & have no other source of income, then how will be tax calculated? & also how should i classify this, meaning under capital gains? or business & trade?

Answer 1

I do not think this is related to hockey

Answer 2

i think same rate of tax deduction formula 150,000/- no tax & 3lacs-150,000/- = 150000 tax able income x 20% tax is = 30,000/- is your income tax