Taxes charged on Option Trading

#1
Dear Friends,

I would like to know that how much tax does one pay on one transaction of nifty call/put options?

if the broker charges me 0.01 paise one side or 1000 per crore of turnover. how much will I taxes will be charged including all types of taxes on lets say a Nifty 5500 call option at a premium of 50.

Please advise i am new at trading options
Thanks
HARSH
 

Rajvir

Active Member
#2
I think
0.16% of premiumx50
0.0045 of turnover= strikex50

0.16% of 50x50 => 0.16% of 2500 => 4 rs

0.0045 of turnover= 5500x50=> 12 rs

now Total is 4+12=16 and for both sides 32 rs
plus service tax 10-13% on brokerage
 

Rajvir

Active Member
#3
Sorry the correct one is
.017% of premiumx50,
and .0045% of Total turnover
.017% of premiumx50 = 50x50=2500 => 0.42 rs
and .0045 of turnover = (5500x50)+2500= 12.48 rs
and 10% service tax on 0.01 is = 3rs

Total taxes = 16 rs plus your brokerage
 

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