STT Charges in Angel Broking

There are so many kinds of charges levied when you place your trade with any stockbroker. In the case of Angel broking, there is a no different case. Apart from other fees, STT Charges in Angel Broking are something that you must be aware of so that you may not feel like getting cheated later.

This needs to be known that STT charges in Angel Broking or with any stockbroker for that matter are charged on the total turnover basis. That implies, higher the transaction value, the higher is going to be the STT charge that gets applied to your trade.

These charges go to the pocket of the central government and are a similar tax to what a TDS direct tax is. The good part is, for currency trading, there are no STT charges applied by the exchange.

What are STT charges in Angel Broking?

In the case of Angel Broking, the STT charges are applied across the different trading segments differently as shown in the table below:

 

As you can see from the above table, there is a clear segregation of the STT charge across the different segments. A long-term investor pays 4 times the STT charge than what an intraday trader pays, while equity futures are much cheaper as far as STT charges in Angel broking are concerned.

How to Calculate STT Charges?

Similar to Angel One transaction charges, very simple mathematics needs to be done to calculate STT charges. We would highly recommend you to perform these basic calculations while you check your contract notes so that the STT charges in Angel broking applied are in line with your calculations.

Else, it completely makes sense to get in touch with Angel Broking Customer care.

Anyway, let’s calculate STT charges.

Let’s say, you bought 100 shares of Infosys at a price of INR 800 per share and then sold those shares for 850 per share, 3 months later.

Your total turnover would be:

= INR 100 X (800 + 850)

= INR 1,65,000

As mentioned in the table above, STT charges in Angel Broking for Equity delivery segment is 0.10%. Thus, that would be:

= INR 1,65,000 X 0.1%

= INR 165

Thus, the total STT charges, in this case, would be INR 165 for both the buy and sell transactions included.

For an even more practical idea, you may choose to use the Angel Broking Brokerage Calculator.

Hope that helps. Nonetheless, in case you need any help, you may choose to mention your details in the form below and our team will get in touch with you:

 

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