Dear friends,
I am trading with ICICIDIRECT and would like to mention the brokerage charges levied for intraday and cash buy. Also would like to know how much money I could have saved with discount broker brokerage, my intraday brokerage is 0.03% & cash is 0.3%
Intraday trade done on 23/10/2013 in BIOCON
Brokerage charges levied on Buy & Sell:
Buy:
Bought 1000 units @337.14 price:
Valuation price for charges: 337.57
Value for Charges : 337570
Transaction & SEBI Turnover Charges = 12.14 + Stamp Duty = 20.23
Avg Execution Price for Order 337.14
Value for Brokerage: 337140
Brokerage + ST @12.36% (0.03% brokerage) = Rs.113.64
Total Brokerage: 12.14+20.23+113.64 =146.01 /-
Sell:
Sold 1000 units @338 price:
Valuation price for charges: 337.57
Value for Charges : 337570
STT= 84 + Transaction & SEBI Turnover Charges = 12.17 + Stamp Duty = 20.28
Avg Execution Price for Order 338
Value for Brokerage: 338000
Brokerage + ST @12.36% (0.03% brokerage) = Rs.113.93
Total Brokerage: 84+12.17+20.28+113.93 = 230.38/-
Profit Before Brokerage: 338000 – 337137.65 = 862.35
Total Brokerage = 146.01+230.38 = 376.39
Net Profit after Brokerage = 485.96
Intraday Charges above brokerage as per ICICI DIRECT WEBSITE:
Service Tax (ST), Securities Transaction Tax (STT), SEBI turnover charges ,Transaction Charges(inclusive of Service tax) and Stamp duty will be charged in addition to brokerage as follows:
• Service Tax (ST)will be charged at 12.36% 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 @ 0.0031% for NSE and 0.0035% for BSE on turnover. Applicable Service Tax would be charged over & above Transaction charges.
• Applicable State wise Stamp Duty would be levied on turnover.
• All Margin positions pending for delivery would be levied brokerage equivalent to Cash segment.
• Any Margin position converted to delivery would attract brokerage equivalent to Cash segment.
• The minimum trade value accepted is Rs. 200.
• For Margin positions taken under "Client Mode", the Brokerage and Other charges of Cash Segment will be applicable.
• Interest on Late Payment will be charged @ 0.065% per day on all delayed payments beyond pay-in date for positions taken under Margin - Client Square Off mode.
Similarly I did one Cash Delivery on 22/10/13 for SINTEX IND
Buy:
Bought 1000 units @33 price:
Valuation price for charges: 33
Value for Charges : 33000
STT=33 + Transaction & SEBI Turnover Charges = 1.19 + Stamp Duty = 1.98
Avg Execution Price for Order 33
Value for Brokerage: 33000
Brokerage + ST @12.36% (0.3% brokerage) = Rs.111.24
Total Brokerage: 33+1.19+1.98+111.24=147.41
Even though the post is long, to make things simple, i think all discount brokers need to apply the statutory taxes (STT, SEBI Turnover, STAMP DUTY etc) I am from Chennai and in stamp duty its mentioned as per state. So i can maximum save on brokerage rate only? am i right?
I am trading with ICICIDIRECT and would like to mention the brokerage charges levied for intraday and cash buy. Also would like to know how much money I could have saved with discount broker brokerage, my intraday brokerage is 0.03% & cash is 0.3%
Intraday trade done on 23/10/2013 in BIOCON
Brokerage charges levied on Buy & Sell:
Buy:
Bought 1000 units @337.14 price:
Valuation price for charges: 337.57
Value for Charges : 337570
Transaction & SEBI Turnover Charges = 12.14 + Stamp Duty = 20.23
Avg Execution Price for Order 337.14
Value for Brokerage: 337140
Brokerage + ST @12.36% (0.03% brokerage) = Rs.113.64
Total Brokerage: 12.14+20.23+113.64 =146.01 /-
Sell:
Sold 1000 units @338 price:
Valuation price for charges: 337.57
Value for Charges : 337570
STT= 84 + Transaction & SEBI Turnover Charges = 12.17 + Stamp Duty = 20.28
Avg Execution Price for Order 338
Value for Brokerage: 338000
Brokerage + ST @12.36% (0.03% brokerage) = Rs.113.93
Total Brokerage: 84+12.17+20.28+113.93 = 230.38/-
Profit Before Brokerage: 338000 – 337137.65 = 862.35
Total Brokerage = 146.01+230.38 = 376.39
Net Profit after Brokerage = 485.96
Intraday Charges above brokerage as per ICICI DIRECT WEBSITE:
Service Tax (ST), Securities Transaction Tax (STT), SEBI turnover charges ,Transaction Charges(inclusive of Service tax) and Stamp duty will be charged in addition to brokerage as follows:
• Service Tax (ST)will be charged at 12.36% 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 @ 0.0031% for NSE and 0.0035% for BSE on turnover. Applicable Service Tax would be charged over & above Transaction charges.
• Applicable State wise Stamp Duty would be levied on turnover.
• All Margin positions pending for delivery would be levied brokerage equivalent to Cash segment.
• Any Margin position converted to delivery would attract brokerage equivalent to Cash segment.
• The minimum trade value accepted is Rs. 200.
• For Margin positions taken under "Client Mode", the Brokerage and Other charges of Cash Segment will be applicable.
• Interest on Late Payment will be charged @ 0.065% per day on all delayed payments beyond pay-in date for positions taken under Margin - Client Square Off mode.
Similarly I did one Cash Delivery on 22/10/13 for SINTEX IND
Buy:
Bought 1000 units @33 price:
Valuation price for charges: 33
Value for Charges : 33000
STT=33 + Transaction & SEBI Turnover Charges = 1.19 + Stamp Duty = 1.98
Avg Execution Price for Order 33
Value for Brokerage: 33000
Brokerage + ST @12.36% (0.3% brokerage) = Rs.111.24
Total Brokerage: 33+1.19+1.98+111.24=147.41
Even though the post is long, to make things simple, i think all discount brokers need to apply the statutory taxes (STT, SEBI Turnover, STAMP DUTY etc) I am from Chennai and in stamp duty its mentioned as per state. So i can maximum save on brokerage rate only? am i right?