00:00 Jio financial's share was listed on the share market on 21st August.
00:03 The listing of this share was on the rate of Rs 265 on BSE and Rs 262 on NSE.
00:09 But later, it was 5% lower.
00:13 Due to this, Jio financial's rate remained on the lower circuit for the whole day.
00:17 And it is still on the lower circuit.
00:19 But even after this, you know what is the correct price of Jio financial,
00:23 on which you have to pay tax.
00:25 If you don't know, then you should know.
00:28 It is generally believed that Jio financial's share is free.
00:32 But this is not true.
00:33 Reliance gave information about this during the demerge.
00:37 Reliance said that before the demerge,
00:40 95.32% of RIL's income was distributed
00:45 and 4.68% of Jio financial's share was distributed.
00:51 This means that the investor who bought the share
00:55 i.e. on 19 July 2023, got the share of RIL,
00:59 he has to pay Rs 133 for Jio financial services.
01:04 In this way, whoever Reliance has allotted the share of Jio financial,
01:08 his price is Rs 133.
01:10 This price of Jio financial is important because
01:13 while selling, your long term or short term capital gain tax
01:17 will be decided according to this rate.
01:20 If you want to sell Jio financial's share for many years,
01:23 then you should keep this video with you carefully
01:26 because this video will help you in calculating tax.
01:31 At this time, there are two types of tax on earnings in the share market.
01:35 First is short term capital gain tax
01:38 and second is long term capital gain tax.
01:41 Where short term capital gain tax is 10%,
01:44 while long term capital gain tax is 15%.
01:48 Short term capital gain means that
01:50 the share you earn by selling within 365 days,
01:55 while long term capital gain tax is the tax
01:58 which is sold after keeping the share for 365 days
02:02 and it is earned.
02:04 Now know how you will get tax on Jio financial through this tax.
02:08 So, if we see according to 21 August,
02:11 which will be very easy to calculate,
02:13 Jio financial's share was closed at Rs 248.90.
02:18 Only those people could sell the share who got this share.
02:21 So, the one who sold the share on 21 August,
02:24 its value was Rs 133 and it was sold at Rs 248.90,
02:29 i.e. the earned Rs 115.90 per share.
02:33 In this way, short term capital gain tax is made on this amount.
02:37 If someone keeps this share for a year
02:39 and at that time, assume that the price of the share is Rs 500,
02:43 so if someone sells this share for Rs 500 after 365 days,
02:47 then this profit will be of Rs 366.
02:50 This will be your long term capital gain tax.
02:53 But here you will get one benefit.
02:55 The government considers capital gain tax free up to Rs 1 lakh every year.
03:00 i.e. if in any year long term capital gain tax is up to Rs 1 lakh,
03:04 then it will be tax free.
03:05 If it is more than Rs 1 lakh,
03:07 then you will have to pay 15% long term capital gain tax.
03:11 So, if you had a misunderstanding till now
03:14 that the shares of JFSL are free and not free,
03:17 we have explained the calculation regarding tax in this video.
03:21 But remember that the amount and price on which the share was listed on 21 August,
03:26 we have calculated and told you accordingly.
03:29 Because after that, you are getting to see the lower circuit in this.
03:32 That's all in this video.
03:34 How did you like the information?
03:35 Tell us by commenting.
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03:43 (gentle music)
