Government Hikes STT On Sale Of Options And Futures By Up To 25% | Business Lunch | CNBC-TV18

The Securities Transaction Tax (STT) has been hiked by 23.52% on the sale of options and 25% on the sale of futures contracts. As per the amendments to the Finance Bill, STT on the sale of options has been hiked to Rs 2,100 on a turnover of Rs 1 crore against an earlier applicable levy of Rs 1,700. On the sale of futures contracts, the STT has been hiked to Rs 1,250 on Rs 1 crore of turnover against the earlier levy of Rs 1,000. On the options side, the STT is charged on the premium and not the strike price. Siddarth Bhamre, Head Of Research, Religare Broking Ltd, shares his insights on hike in STT. Listen in.#securitiestransactiontax #STT #hikeinSTT #futuresandoptionstrading #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday About CNBC-TV18: