[capriura]

Hi fellow traders, I'm new to Stock Market. Recently, I've opened an Demat A/c with Sharekhan, but have not yet started trading. Kindly, clarify the below question.

Q) If I buy 100 shares of ABC Company @ Rs.100 per share and sell it all on the same day @ Rs.107 per share, what are the charges I need to pay (like Brokerage fee, STT etc.) Kindly, illustrate with detailed calculation.

Also, let me know, if I have to pay any other charges, in addition to Brokerage Fee and STT.

Help appreciated.

Capriura

[rvazarkar]

Hi,
All the brokrage firms charge different brokrage fees and it is not fixed. i.e. it depends on the brokrage firm you trade with. I have an account with IndiaInfoline and they charge different brokrage as compared to ShareKhan. So you need to check that with the brokrage firm you trade with.

Further, STT is charged by the Government and it remains the same no matter which brokrage firm you trade with.

STT is charged @0.018% of the total turnover i.e if you buy shares worth 10000 and sell them higher (on the same day) worth 12000, your total turnover will be 22000. You will have to pay 0.018% of 22000...For delivery based transactions it will be 0.093% of 22000 that is your total turnover.