Tuesday, June 23, 2009

CHARGES/TAXES THAT YOU HAVE TO PAY IN INTRADAY AND DELIVERY

CHARGES/TAXES THAT YOU HAVE TO PAY IN INTRADAY AND DELIVERY
*Brokerage: 0.5% for Delivery & 0.05% for Day Trading; Round off to two digits then multiply by no.of shares*Service Tax: 12.2% of brokerage (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

For Example
1)If you purchased 200 shares of AXIS BANK on 26/03/2008 at 808.00 and sold them same day at 830.00 then STT for Intraday is :0 for buy and 0.025% for sell and STT for delivery is 0.125% for buy and 0.125% for sellHere the calculation should be for Intraday 830*200=166000.00166000.00*0.025/100=41.50(STT)
2) Security: AXIS BANK LIMITED

Buy Qty, rate, total, brokerage, service tax, STT, amount

200, 808.00, 161600.00, 48.48, 5.82, 0.00, 161654.30

Sell Qty, rate, total, brokerage, service tax, STT, amount,

200, 830.00, 166000.00, 49.80, 5.98, 40.95, 165903.27

Security: RELIANCE NATURAL RESOURCES LTD

Buy Qty, rate, total, brokerage, service tax, STT, amount

2000, 100.95, 201900.00, 60.60, 7.27, 0.00, 201967.87

Sell Qty, rate, total, brokerage, service tax, STT, amount

2000, 100.00, 199994.40, 60.00, 7.20, 50.24, 199876.96

Net Of Current Trades :2275.62 Cr

Service Tax :26.27

Education Cess: 0.53

Higher Education Cess :0.26

STT Amt : 91.50

Stamp Duty :14.59

Turnover Charges :25.54

Net Amount :2117.24 Due to You

Calculation of STT will be
166,000 * 0.025% = 41.50

200,000 * 0.025% = 50.00

Total STT = 41.50+50 = 91.50

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