STT In Option Increased By 25%: STT In Option Increased From â,¹5000 To â,¹6250
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%.
Written By: Zee Business Video Team