Hi,
Need advise on brokerage calculation of ICICI in delivery, margin and converted to delivery transactions. As per their site, brokerage is as follows:
Variable Brokerage Structure (Cash and BTST)
Total Eligible Turnover (Per calendar Quarter) :Less Than 10 Lakhs Brokerage (%):0.75%
Second Leg Of Trades:Nil
Effective Brokerage on Intraday Squareoff: 0.375%
Service Tax (ST) will be charged at 10.30% on total value of brokerage.
Securities Transaction Tax (STT) at 0.125% on turnover.
SEBI turnover charges at 0.0001% on turnover.
Transaction Charges will be charged @ 0.0035% for NSE and BSE on turnover. Applicable Service Tax would be charged over & above Transaction charges. Effective Transaction Charges would be 0.003860%.
Stamp Duty will be charged at 0.01% of value on transactions resulting in net Delivery and 0.002% on non delivery transactions.
Brokerage in Margin & Margin Plus
Total Eligible Turnover per month: Less Than Rs. 5 Crores
Brokerage (%) : 0.050
Service Tax (ST)will be charges at 10.30% on total value of brokerage.
Securities Transaction Tax (STT) at 0.025% on turnover(Sell transactions only).
SEBI turnover charges at 0.0001% on turnover.
Transaction Charges will be charged @ 0.0035% for NSE and BSE on turnover. Applicable Service Tax would be charged over & above Transaction charges. Effective Transaction Charges would be 0.003860%.
Stamp Duty will be charged at 0.002% on turnover.
Now my concerns and queries:
1) concerned margin transaction
STT @ 0.025% = correct
Transaction & SEBI Turnover charges @ 0.00386% = correct
Stamp Duty @ 0.002% = correct
Brokerage + Service Tax = How to arrive at this figure?
2) If a margin is converted to delivery, will it attract margin brokerage on top of the normal delivery brokerage.
3) Wish to change the trading platform, advise required. SBI 3 in 1 already I have, any other?
Thanks & Regards,
Ajit
Need advise on brokerage calculation of ICICI in delivery, margin and converted to delivery transactions. As per their site, brokerage is as follows:
Variable Brokerage Structure (Cash and BTST)
Total Eligible Turnover (Per calendar Quarter) :Less Than 10 Lakhs Brokerage (%):0.75%
Second Leg Of Trades:Nil
Effective Brokerage on Intraday Squareoff: 0.375%
Service Tax (ST) will be charged at 10.30% on total value of brokerage.
Securities Transaction Tax (STT) at 0.125% on turnover.
SEBI turnover charges at 0.0001% on turnover.
Transaction Charges will be charged @ 0.0035% for NSE and BSE on turnover. Applicable Service Tax would be charged over & above Transaction charges. Effective Transaction Charges would be 0.003860%.
Stamp Duty will be charged at 0.01% of value on transactions resulting in net Delivery and 0.002% on non delivery transactions.
Brokerage in Margin & Margin Plus
Total Eligible Turnover per month: Less Than Rs. 5 Crores
Brokerage (%) : 0.050
Service Tax (ST)will be charges at 10.30% on total value of brokerage.
Securities Transaction Tax (STT) at 0.025% on turnover(Sell transactions only).
SEBI turnover charges at 0.0001% on turnover.
Transaction Charges will be charged @ 0.0035% for NSE and BSE on turnover. Applicable Service Tax would be charged over & above Transaction charges. Effective Transaction Charges would be 0.003860%.
Stamp Duty will be charged at 0.002% on turnover.
Now my concerns and queries:
1) concerned margin transaction
Code:
Action: Sell
Delivery Non-Delivery Total
Quantity 0 200 200
Valuation Price for Charges 109.10 109.10
Value for Charges 0.00 21,820.00
STT 0.00 5.46 5.46 [COLOR="Purple"]A[/COLOR]
Transaction & SEBI Turnover
charges X X 0.86 [COLOR="Purple"]B[/COLOR]
Stamp Duty X X 0.44 [COLOR="Purple"]C[/COLOR]
Average Execution Price for
the Order X X 109.10
Value for Brokerage X X 21,820.00
Brokerage + Service Tax X X [COLOR="Red"]16.54[/COLOR] [COLOR="Purple"]D[/COLOR]
Total Charges [COLOR="Purple"](A+B+C+D)[/COLOR] X X 23.30STT @ 0.025% = correct
Transaction & SEBI Turnover charges @ 0.00386% = correct
Stamp Duty @ 0.002% = correct
Brokerage + Service Tax = How to arrive at this figure?
2) If a margin is converted to delivery, will it attract margin brokerage on top of the normal delivery brokerage.
3) Wish to change the trading platform, advise required. SBI 3 in 1 already I have, any other?
Thanks & Regards,
Ajit
