Confused with charges (regulatory,STT...)

nac

nac

Well-Known Member
#1
#1
I wanted to know about these charges. So, I myself found it by calculating based on the amounts in the contract note. Based on the contract note I see this could be the charges (Intra-day(Cash), Since I do day trading, I gotta know only these charges.)

Regulatory-0.0037% total turnover
Stamp Duty-0.002% total turnover
STT-0.025% - sell side
Service Tax-10.3% on brokerage
--------------------------------------------------------------------------

When I asked customer service(broker's) they have given this list of charges,

Capital Market Levied On Charges

Regulatory Charges DELIVERY / INTRADAY 0.0041%
Stamp Duty DELIVERY 0.01%
Stamp Duty Intra Day 0.002%
STT DELIVERY 0.125%
STT Intra Day Sell 0.025%
Service Tax Brokerage 10.30%

Derivatives Levied On Charges

STT For Exercise (PREMIUM) 0.125%
STT Intra Day Sell Turnover 0.017%
Regulatory Charges - Futures TURNOVER 0.0057%
STAMP DUTY - Futures TURNOVER 0.002%
Regulatory Charges - Options Premium 0.0598%
STAMP DUTY - Futures Premium 0.002%
Service Tax On Brokerage 10.30%
--------------------------------------------------------------------------

Now, I am confused with regulatory charges. I couldn't find the actual charges (latest) in the web. Can anyone please tell me what's the actual charges?
 
alroyraj

alroyraj

Well-Known Member
#2
#2
nac said:
I wanted to know about these charges. So, I myself found it by calculating based on the amounts in the contract note. Based on the contract note I see this could be the charges (Intra-day(Cash), Since I do day trading, I gotta know only these charges.)

Regulatory-0.0037% total turnover
Stamp Duty-0.002% total turnover
STT-0.025% - sell side
Service Tax-10.3% on brokerage
--------------------------------------------------------------------------

When I asked customer service(broker's) they have given this list of charges,

Capital Market Levied On Charges

Regulatory Charges DELIVERY / INTRADAY 0.0041%
Stamp Duty DELIVERY 0.01%
Stamp Duty Intra Day 0.002%
STT DELIVERY 0.125%
STT Intra Day Sell 0.025%
Service Tax Brokerage 10.30%

Derivatives Levied On Charges

STT For Exercise (PREMIUM) 0.125%
STT Intra Day Sell Turnover 0.017%
Regulatory Charges - Futures TURNOVER 0.0057%
STAMP DUTY - Futures TURNOVER 0.002%
Regulatory Charges - Options Premium 0.0598%
STAMP DUTY - Futures Premium 0.002%
Service Tax On Brokerage 10.30%
--------------------------------------------------------------------------

Now, I am confused with regulatory charges. I couldn't find the actual charges (latest) in the web. Can anyone please tell me what's the actual charges?
Click to expand...
Is this the brokerage from India Infoline?
For RK Global what is the turnover charge? is it 0.0035% or is it more?
 
nac

nac

Well-Known Member
#4
#4
alroyraj

alroyraj

Well-Known Member
#5
#5
nac said:
Yeah, that was from IIFL.

RKG says its .0035% but there is a difference in the contract note. But this will be adjusted somehow under others heads. Overall I am paying more with RKG when comparing with IIFL.

You read this post for better clarification.

http://www.traderji.com/brokers-trading-platforms/21449-r-k-global-issues-81.html#post429257
Click to expand...
I read that first then I enquired. Basically I reconcile it like this. The 225 stamp duty plus 10 as sebi tax means stamp duty 0.002% and 0.00035% transaction tax( includes both the turnover and transaction tax). Wahtevr it is these brokers are improving out quant skills. :clap:
 
kaushikbanerjee

kaushikbanerjee

Active Member
#6
#6
But total variation in all taxex is not more than Rs.2-3 in different brokers.
I found in Options segment, Sharekhan charges TO tax @ 0.051% but RKG charges 0.071%. Also in Futures segment, Sharekhan charges TO tax @ 0.0023% but RKG charges 0.003%. Sharekhan charges all taxes rounded upto 2 decimal places. RKG charges TO tax & Service Tax upto 2 decimal places. They charge STT rounded to nearest integer i.e. 5.49 will be 5 & 5.5 will be 6.
They charge Stamp duty @ 0.002% (similar to Sharekhan) but round it to nest whole number i.e. even 4.01 will be 5.
But all these sum upto very little if u pay a brokerage of Rs. 9 only !!!!!
 
T

trnimade

New Member
#7
#7
Dear sir,
No need to confused.
this REGULATORY CHARGES are charging only by
INDIA INFOLINE LTD and at present it is 0.0037%
for future.
the break up of it are as below
transaction charges 0.0019
service tax on it @10.30% 0.00020
sebi fees 0.0001
C L E A R I N G CHARGES 0.0015
________________

TOTAL 0.0037
_______________

NOW QUESTION IS WHAT IS CLEARING CHARGES
THIS CHARGES IS IS NOT AVAILABLE IN THE DICTIONARY
OF SEBI/NSE AND THEY ALSO DO NOT KNOW.
ON TAKING UP THE MATTER FROM NSE THEY INFORMED
TO CONTACT THE ABOVE CO.

FURTHER NO OTHER CO IS LEVYING THIS CLEARING CHARGES
AND ALL THE ABOVE CHARGES ARE GOVT STATUTORY CHARGES
AND NO BROKERS ARE SUPPOSED TO BE KEPT WITH THEM
IN ANY OF THEIR A/C
TRN
 
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