Frequent question: What is STT rate on equity shares?

Taxable securities transaction Rate of STT
Sale of equity share or unit of equity oriented mutual fund in recognised stock exchange otherwise than by actual delivery or transfer and intra day traded shares 0.025%
Derivative – Sale of an option in securities 0.017%

How is STT equity calculated?

STT is always calculated on the Average Price. … Now, STT for the intraday trades will be charged @ 0.025% on only the sell side i.e., 500*103.75*0.025% = 12.969. STT for the delivery transaction will be charged @ 0.1% on both the buy and sell = 200*103.75*0.1% = 20.75.

What is STT in intraday?

Securities transaction tax (STT) is a major cost for intraday traders since 2004. STT is imposed at 0.025% of transaction value on the sell leg of the intraday trade. … Intraday trading charges include transaction fees payable to the exchanges as well as SEBI turnover fees.

Is STT applicable for purchase of shares?

STT is a direct tax levied on every purchase and sale of securities that are listed on the recognized stock exchanges in India. … It also includes unlisted shares sold under an offer for sale to the public included in IPO and where such shares are subsequently listed in stock exchanges.

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Is STT same for all brokers?

Regardless of the broker you choose for your trading needs, STT applied to your trade will be the same.

Does Zerodha pay STT?

The Securities Transaction Tax (STT) is charged based on the trading segment and the transaction type.

Zerodha STT Charges.

Segment STT Transaction
Equity Delivery 0.1% Both Buy and Sell
Equity Intraday 0.025% Sell Side
Equity futures 0.01% Sell Side
Equity options 0.05% Sell Side (on Premium)

How much is STT on delivery?

Securities Transaction Tax (STT)

Sr. No. Taxable securities transaction Tax Rate w.e.f. June 1, 2016
1. Purchase of an equity share in a company, where such contract is settled by the actual delivery or transfer of such share or unit. 0.100 per cent

Which is better intraday or delivery?

While intraday trading gives the opportunity for low capital accounts and margin payments, delivery trading requires complete amounts for its transactions. As an intraday trader, if one can judge and forecast the value of shares at short and small intervals, then intraday trading is a good idea.

Is Zerodha better than Motilal Oswal?

Zerodha is a Discount Broker where Motilal Oswal is a Full Service Broker. Zerodha is having overall higher rating compare to Motilal Oswal. Zerodha is rated 4.5 out of 5 where Motilal Oswal is rated only 4 out of 5. Here we present side-by-side comparison of Zerodha vs Motilal Oswal share brokers in India.

Is Motilal Oswal safe?

Conclusion. Motilal Oswal is a trustworthy stockbroker in India. It has a strong presence in the Indian stock market for more than 30 years. It is a technology-focused and profit-making company with zero promoter pledge and Low Complaints against the active client.

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Which broker is best for intraday trading?

Best Brokerage Firm for Intraday Trading

Broker Brokerage (Eq Intraday) Exposure (Eq Futures)
SBI Securities 0.05% Nil
IIFL Securities Rs 20 per order Upto 3x
Geojit 0.03% No additional leverage
Edelweiss Rs 10 per executed order 40x

Is STT charged on ELSS?

Security Transaction Tax (STT) is levied on trade transactions of securities listed on registered stock exchanges in India. Every time you buy or sell securities such as shares, bonds, debentures or equity oriented mutual funds which are listed on a stock exchange, you are liable to pay STT.

Is STT payable on buy back of shares?

That is because when there is a direct buyback from shareholders there is no payment of STT by the shareholders. … In case of unlisted companies, there is no tax imposed on the person who benefits from the buyback of shares irrespective of whether the gain from the buyback is short term gain or long-term gain.

Who pays STT buyer or seller?

The STT must be paid by the company issuing the unlisted security within two months from the date of the transfer of such security. It is the responsibility of the recipient of the unlisted security to inform the company which issued such security of the transfer within 30 days from the date of transfer.