STT In Option Increased By 25%: STT In Option Increased From ₹5000 To ₹6250
Zee Business Video Team | Updated: March 25, 2023 02:53 PM IST
Finance Minister Nirmala Sitharaman today hiked the securities transaction tax (STT) on sale of options as well as futures by 25% each. Under the new rules, option sellers will have to pay Rs 6,250 STT on turnover of Rs 1 crore vs earlier applicable levy of Rs 5,000. This translates into a hike of around 25%.
