- STT on options hiked to 0.0625% vs 0.05% earlier.
- STT on futures hiked to 0.0125% vs 0.01% earlier.
- STT on the sale of options will now be ₹6,250 on a turnover of ₹1 crore against an earlier levy of ₹5,000. This translates into a jump of 25%.
- STT on sale of futures contracts will now be ₹1,250 on turnover of ₹1 crore against the earlier levy of ₹1,000. This translates into a jump of 25%.
Trading in futures and options will now attract higher taxes from April 2023. The government has hiked the Securities and Transactions tax (STT) by 25% on sale of options and 25% on sale of futures contracts. This was part of the Finance Bill that was passed by the Parliament on 24 March, 2023.
In percentage terms, STT on sale of futures will now be levied at 0.0125%. In case of options, STT has been hiked to 0.0625%.