Want to know about the Tax Slabs?

A

all4excel

Member
#1
#1
Dear Forum,

I have just started Investing and want to know a few things about the basics in the Borkerage and Tax Slabs..

I want to know the calculations from the following example.

1. KingFisher Airlines purchased on 15-12-09 @ 55.70 X 200...Now the brokerage I know is 0.50paise per Rs 100.

But I want to know the following things so that I can be ready to keep some amount as cushion for these things to get deducted..

1. Service Tax : Whats the % and on what ?
2. Securities Transaction Tax : Whats the % and on what ?
3. Total Stamp Duty Whats the % and on what ?
4. Transaction Charges : Whats the % and on what ?

I would appreciate if someone could also tell me if its good to stay invested with KingFisher Airlines?
 
A

all4excel

Member
#4
#4
Mr Taneja,

Brokers are bothered about thier Brokerage and give you guestimated amount and I want to get a precise amount.

So the need to bother the forum..:confused:
 
A

all4excel

Member
#7
#7
praveen taneja said:
Better call ur broker thats best he will tell all with brokerage:thumb:
Click to expand...
Hi there No one's bothered to reply mry friend since you have asked me to do the above as I have already tried that but in vain..

I just want to make an excel file i which I can do all the calculations and know the exact amount left in my account after every trade and I can leave the cushion amount for these small expenses to be taken care off.

P>S> I have received several emails for paying small brokerage amounts as small as Rs 27/- falling short after transactions..
 
P

pra1968

Member
#8
#8
all4excel said:
Dear Forum,

I have just started Investing and want to know a few things about the basics in the Borkerage and Tax Slabs..

I want to know the calculations from the following example.

1. KingFisher Airlines purchased on 15-12-09 @ 55.70 X 200...Now the brokerage I know is 0.50paise per Rs 100.

But I want to know the following things so that I can be ready to keep some amount as cushion for these things to get deducted..

1. Service Tax : Whats the % and on what ?
2. Securities Transaction Tax : Whats the % and on what ?
3. Total Stamp Duty Whats the % and on what ?
4. Transaction Charges : Whats the % and on what ?

I would appreciate if someone could also tell me if its good to stay invested with KingFisher Airlines?
Click to expand...
DEAR
As per my calculation
shares 200*55.7=11140

Ur brokarage is .5%=55.70

So service tax @10.3%on amount of brokerage=5.74

Stamp [email protected]% on amount of shares=1.114

[email protected]% on amount of shares=4.456

And Service ax on TOT @ 10.3% =0.4567



It is very cumbersome.
so i calculate by easy way
Just make buy or sell amount of scrip and multiply it with 0.6056%

11140*0.6056=67.46:clap:

Mention if it is use ful for u.
Also send me exel file u make from it so it may useful for me:)
 
A

all4excel

Member
#9
#9
pra1968 said:
DEAR
As per my calculation
shares 200*55.7=11140

Ur brokarage is .5%=55.70

So service tax @10.3%on amount of brokerage=5.74

Stamp [email protected]% on amount of shares=1.114

[email protected]% on amount of shares=4.456

And Service Tax on TOT @ 10.3% =0.4567
Click to expand...
Can you please elaborate on the Red+dend portion above..

Stamp [email protected]% on amount of shares ( Amt of Shares do u mean Quantity and what is TOT Total?

It is very cumbersome.
so i calculate by easy way
Just make buy or sell amount of scrip and multiply it with 0.6056%

11140*0.6056=67.46
Click to expand...
Mention if it is useful for u.
Also send me exel file u make from it so it may useful for me
Click to expand...

Ofcourse this informations is very useful and I shall be more than happy to send you the file.
Before I make the excel file I need to understand your easy calculation, how did you come up with 0.6056?

Can you please provide all the Cuts when I purchased the Stock KingFisher Airlines purchased on 15-12-09 @ 55.70 X 248...Brokerage @ 0.50paise per Rs 100 and sold it for Rs 64.30 @ same brokerage after 15 days..

SO can you please show all the calculations seperately for both Buying and Selling so that I can cnfirm while making the file and send you then...
 
Last edited:
A

all4excel

Member
#10
#10
Want to also the Slabs for Nifty Futures trading please..

Dear Forum,

Please see the file containing actual transanction summary:

I want to know how are the following calculations done..
My broker says that my brokerage is @ 10 paise for Nifty Futures for Buying and 3 paise if sold on the same day and after that 10 paise for Selling..

Please explain the below:
Total charges for Futures and Options Trading = Rs. 694.53
Mark To Market Margin Blocked on FnO positions = Rs -959.99
Initial Margin Blocked on FnO positions = Rs 52887

What is the meaning of this?
LEDGER BALANCES :
--------------------CURRENT POSITN--------PREVIOUS POSITN
ISL LEDGER BAL----13572.3-----------------33351.77
 
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