Various charges on online share trading

K

kikloo

New Member
#1
#1
Hi peers,

I recently took to the online share trading on India Infoline Securties Trading Terminal. Besides the settled brokrage, India Infoline Securties are charging me the following additional charges:

1. Regulator Charges
2. Sequrity Transaction Tax
3. Stamp Duty
4. Service Tax on Brokerag

They have not defined any cretarion for these charges and these are being charged arrbitraroly.

Can anyone enlighten me more about thesecharges? Thanks and Regards.


Kiklooo
 
S

skarpio

Active Member
#2
#2
Code: 
Tax	Segment	                Calculated on	Rate(%)
STT	Equity - Delivery       Net Value	 0.125
	Equity - Intraday	 Net Sell Value	  0.025
	Derivatives - Options	Net Sell Value	 0.017
	Derivatives - Futures	Net Sell Value	 0.017
			
Service Tax	                   Brokerage	    12.5	
Education Cess	                 Service Tax	   2	
Secondary & 
Higher Education Cess	       Education Cess  1	
Total Service Tax		                      12.775	
			
Transaction Charges	       Gross Value	0.0035
Stamp Duty                        Gross Value	   0.01
 
M

marcus

Active Member
#4
#4
Dear Kikloo,


Ask your broker to give you a print out of the charges it varies from broker to broker and for cash and futures n options market. He should not refuse

Some brokers may not charge transaction charges and stamp duty as it maybe factored into the brokerage.

Another important point is transaction charges on the NSE are turnover based there are four slabs depending on the volume of the trading member. I don't know about BSE.

He will have a print out of charges applicable, please ask him for it.
 
B

bnitin612

New Member
#5
#5
can any one provied me detail if i buy 1000 on the rate 0f 100 and sell this share on the rate of 111. if the brokage charges is 7 paisa .what is the total cost of charges in intraday
 
I

iiflcustomerservice

New Member
#6
#6
Dear Customer,
This has reference to your observations. In order to help us address the same, kindly provide us complete details (such as Login ID in connection with this issue . Please quote the same in your email. Upon receipt of the mail, our customer service team will be able to work on resolving the same.

regards,

IIFL Customer Service Team
 
L

lindadale

New Member
#8
#8
I think some of them are not really needed.I can't say more about this but here i would love to suggest you one name which just a best platform to start investing in share market and its a religare online.Just check out once you will surely get the best experience.
 
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