What is the tax rate for short-term capital gains on investments?

In India, the tax rate for shortterm capital gains on investments depends on the investor's income tax slab. For individual investors, shortterm capital gains on equity investments are taxed at a rate of 15%, while for nonequity investments, the tax rate is equivalent to the investor's income tax slab. For example, if an investor's income tax slab is 30%, then the tax rate for shortterm capital gains on nonequity investments would be 30%. It is important to note that shortterm capital gains refer to gains on investments that are held for less than one year.