What is STT (Securities Transaction Tax)?

What is STT (Securities Transaction Tax)?

Securities/ Commodity transaction tax (STT/CTT) is a direct tax, similar to TCS or TDS, levied by the govt. for transactions executed on any recognized exchange in India.
STT is charged at 0.1% on both buy and sell side turnover of equity delivery transaction and only on sell side turnover in equity Intraday or F&O trades at 0.025% and 0.01%, respectively.
For Options, it is payable at 0.05% on sell side option premiums. CTT is charged at 0.01% of non-Agri commodity futures transaction and 0.05% on sell side option premiums.

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