Doubt Regarding Taxes

[vasu_arch]

Hi Experts,

As iam a beginner and right now i have applied for SBI demat and trading account.

I am worrying about the tax calculation and what are the taxes that are applicable when i buy and sell the shares.

U just explain the way taxes are calculated . for example i bought 100 shares for 10 rupees and sold 100 share for 11 rupees . Now how taxes are calculated on this amount.

Thank u

 

[Shah Jahan]

From my broker (Angel Broking) it is 15 paise (10 paise brokerage + 5 paise tax) for Rs.100 share.
If the share price is Rs. 200, then it is 30 paise and so on.
i.e. 15 paise / Rs.100 share.

This is assuming you are not taking delivery of the shares (read: intraday). If you are talking delivery, then the taxes will rise several folds!


There are no certainties in life. Except death and taxes.
-Don't-remember-who-said-that.

 

[varunkumarsharma]

Answer:
Charges List-
Equity Intraday Equity Delivery Futures Options Currency Futures Currency Options MCX
CTT/STT 0.025% (of Selling Value) 0.1% (of Selling Value) 0.01% (of Selling Value) 0.017% (of Selling Value) 0 ************* 0 0.01% (of Selling Value)
0.1% (of Buying Value) 0.125% (where option is exercised)
Transaction Charges 325/crore 325/crore 190/crore 5000/crore of premium 115/crore 4000/crore of premium 210/ crore
Service Tax*+ Swachh Bharat Cess******* 14.50% 14.50% 14.50% 14.50% 14.50% 14.50% 14.50%
SEBI Fees 20/crore 20/crore 20/crore 20/crore 20/crore 20/crore 20/crore*
Stamp Duty As per UT Rs*10 As per UT Rs*10 As per UT Rs*10 As per UT Rs*10 As per UT Rs*10 As per UT Rs*10 0

 

[ankur18.jain]

Hi Vasu,

I am also new to share market. Can you please suggest me which demat/trading account is best for it. I have an account with SBI/SBBJ also . what are the charges with SBII demat/trading account.