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| Discuss Tax and Charges calculation at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi, I bought 100 shares of CIPLA through India Bulls at 259.75 and the ... |
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#1
18th September 2006, 05:12 PM
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Tax and Charges calculation
Hi,
I bought 100 shares of CIPLA through India Bulls at 259.75 and the charges alone are 186.9988 rupees. Could you please let me know the formula how the charges are calculated. The brokerage charges are 0.5% . Please let me know how the other charges like Service Tax, Securities Transaction Tax, Stamp Duty, Transaction Tax are calculated. Please note down the charges given in the contract note. Share value : 259.75 No. of shares : 100 Brokerage (.5%) : 129.88 Service Tax : 15.9 Securities Transaction Tax : 32.4688 Stamp Duty : 3.42 Transaction Tax : 5.33 Also let me know how to estimate the profit/loss on selling value of the shares. Thanks in advance. A.Mohammed Rafi. 
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#3
19th September 2006, 10:01 AM
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Re: Tax and Charges calculation
hello rafi,
First of all a warm welcome to the traders family.... Here are the taxes and charges as applicable in geojit... Use these figures to work out the charges in your case..... These charges I am mentioning here are worked out by me based on the contract notes and various other delivery papers from geojit..I am using an excel sheet to compute the effective buying rate and breakeven point for selling....I found they have less than 0.5% error.. *Brokerage: 0.3% for Delivery & 0.03% for Day Trading; Round off to two digits then multiply by no.of shares *Service Tax: 12.2% of brokerage (minimum of 19 Rs); Rounded off to two digits *Educational cess: 2% of Service Tax *STT: 0.1% of Total traded value of the day for Delivery & 0.01% for Intraday *Ex levy: 0.0035% of Total Traded value of the day *Stamp Duty: 0.01% of Total traded value of the day for Delivery & 0.002% for Intraday Hope it is useful... Regards Chachi
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#4
19th September 2006, 11:17 AM
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Re: Tax and Charges calculation
Hi,
Thanks for the reply. Also could you please send me the XL sheet which you have mentioned so that I can also estimate to sell the shares and calcuate the profit/loss. thanks in advance.
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#5
19th September 2006, 01:01 PM
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Re: Tax and Charges calculation
Quote:
Herewith I am attaching the sample excel worksheet. Modify the formulas to your requirement. Regards Chachi
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#6
19th September 2006, 07:50 PM
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Re: Tax and Charges calculation
Quote:
What intrigues me why the STT is in only 4 decimal places .... where does Indiabull draw the line ... why not 6 decimals ??  AGILENT
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