how is intraday income taxed for a salaried person


Can a government employee do intraday if yes what will be a income tax process.


I think anyone can do intraday. Intraday profit I think is treated as short term capital gain.
Google it for income tax rate. I think it is 15%.


It consider as Speculative Business Income for any class of income even salaried, You need audit your account and statement with CA before filling the ITR 3, if your turnover exceed Rs 2 Crore which is easily reach if you buy and sell stock by using margin, Turnover = (buy amount * stock qty) + (sell amount * stock qty) it not mean by profit, remember there is the difference between turnover and profit


If you are a salaried individual and made gains or losses from intraday trading in financial year 2017-18, you must file your return in ITR form 3 for assessment year (AY) 2018-19. While calculating net losses or gains from intraday trading, you can deduct security transaction tax (STT) paid on your transactions.