I-Tax calculation on intra-day profit/loss ?

dear friends,
can anyone tell how to calculate i-tax on intraday profit/loss.

if profit is less than 1L in a FY then i have to give tax ?

thanx in advance

It would be a rate of 10% Tax on Capital Gains (Net Profits~Profits -Losses)

If you sell off after an year, the Capital gains remain tax free

if i am not wrong .... daytrading comes under speculation income
which attracts 30% tax on gain.
loss can b carried out next 3yrs(seniors plz comments)

As per law it is treated as speculative income and hence 30% tax.but i think loss can be carried forward for 4 years(not sure)

thanks for your replies.

but i m sad that i have to give 30% of my gain to govt. while all the risks are mine. should not govt give some compensation if i am in loss.