Tax on stock profit

buy2gain said: "Guys - Can anybody give me a brief idea about how much tax we need pay on the profit in stock market? I mean 5%, 10% etc."

thezster said: "[QUOTE=buy2gain]Guys - Can anybody give me a brief idea about how much tax we need pay on the profit in stock market? I mean 5%, 10% etc.[/QUOTE] You are taxed for "short term capital gains" - if you hold an equity for less than 1 year. That is at your normal tax rate - up to 35% or so... I believe long term capital gains are at 15% - but, since I've never had a long term gain... I'm not sure..."