Revised STT Charges
News , Taxes
As per circulars issued by the Exchange and subsequent Presidential assent (approval) to The Finance Act 2023, Securities Transaction Tax (STT) charged on stock market transactions have been revised effective 1st April 2023….[ Read More ]….
As per circulars issued by the Exchange and subsequent Presidential assent (approval) to The Finance Act 2023, Securities Transaction Tax (STT) charged on stock market transactions have been revised effective 1st April 2023.
Revised STT applicable on transactions w.e.f. 1st April 2023
| Payable by | Taxable Securities Transaction | New STT | Old STT |
| Seller | Sale of an option in securities | 0.0625% | 0.05% |
| Seller | Sale of a futures in securities | 0.0125% | 0.0 |
How this affects your trades:
a) If you sell options: Assume you sell 100 lots of Nifty 17,400 CE (call option) at a premium of ₹56. STT is charged on the total sell side turnover.
| Sell price | ₹56 |
| Lots traded | 100 |
| Turnover | ₹2,80,000 |
| STT @0.0625% | ₹175 |
b) If you sell futures: Assume you sell 5 lots of Nifty futures contract expiring on 27th April 2023. Your sell price is ₹17,391.70. STT will be charged as follows:
| Sell price | ₹17,391.70 |
| Lots traded | 5 |
| Turnover | ₹43,47,925 |
| STT @0.0125% | ₹543 |
All other STT charges across segments remain unchanged. While STT is a mandatory fee levied by the exchange, you do have the option to reduce your overall trading costs by switching to our Zero Brokerage plan if you haven’t already.