Calculation of commisions & taxes

#1
Hello Seniors,

Here is another novice question

Terms given
For Intra-day Trades :-
0.1% on the buy side and 0.1% on the sell side. This is subject to a minimum brokerage of 5 paise per share. This means that if the share price you trade in is Rs 50/- or less, a minimum brokerage of 5 paise per share will be charged.

For Delivery Based Trades :-
0.5% or 10 paise per share or Rs. 16/- per scrip whichever is higher.
Minimum brokerage of 10 paise per share is applicable when the share price is Rs. 20/- or less and minimum brokerage of Rs. 16/- per scrip will be applicable when the traded price is Rs 3,200/-
NOTE: Minimum brokerage of Rs. 16/- will be applicable only on SELL Delivery Transactions.

Suppose buy a scrip of Rs 50 for Rs100,0000( 20000 shares) sell it for Rs 75
I receive RS15,00,000, My profits are Rs 5,00,000

Can you please tell how the above % of tax & commissions are calculated and what amount is owed in incometax?

Please provide the actual calculation and oblige me.


Best Regards,
 

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