Dear All,
I have a sharekhan account and i have developed an excel sheet which would calculate Brokerage and Taxes as per Sharekhan Tariff. The problem am facing is, the Service tax, STT, Stamp Duty etc that i calculate doesn't match with sharekhan. Though a difference is never more than a rupee. Am just curious what can be reason for such huge difference, as a rupee diff cannot be due to rounding off. From my understanding, the charges as follows
Brokerage............................... 30 Paise/ 100 Rs or 3 Paise per Share
STT....................................... 0.1% on both Buy and Sell
Transaction/Turnover Chargee.... 490/crore
Service Tax ..............................12% on Brokerage+Transaction Charge
Education Cess..........................2% of Service Tax
Higher Education Cess.................1% of Service Tax
SEBI Charges.............................10 Rs/Crore
Stamp Charges..........................0.01%
Now, lets take an example of Marksans Pharma. I bought 13000 shares at 4.65. The brokerage, STT is rightly calculated. But just wondering how is Service Tax and turnover charges calculated.
Qty.......................13000
Rate.......................4.65
Total......................60490.00
Brokerage................390.00
Service Tax..............47.04
STT........................60.49
Amount....................60987.83
Net Of Current Trades........60880.00 Dr
Service Tax...................... 47.04
Education Cess..................0.94
Higher Education Cess.........0.47
STT Amt...........................60.49
Stamp Duty.......................6.05
Turnover Charges...............2.03
Net Amount.......................60997.02 Due to US
I have a sharekhan account and i have developed an excel sheet which would calculate Brokerage and Taxes as per Sharekhan Tariff. The problem am facing is, the Service tax, STT, Stamp Duty etc that i calculate doesn't match with sharekhan. Though a difference is never more than a rupee. Am just curious what can be reason for such huge difference, as a rupee diff cannot be due to rounding off. From my understanding, the charges as follows
Brokerage............................... 30 Paise/ 100 Rs or 3 Paise per Share
STT....................................... 0.1% on both Buy and Sell
Transaction/Turnover Chargee.... 490/crore
Service Tax ..............................12% on Brokerage+Transaction Charge
Education Cess..........................2% of Service Tax
Higher Education Cess.................1% of Service Tax
SEBI Charges.............................10 Rs/Crore
Stamp Charges..........................0.01%
Now, lets take an example of Marksans Pharma. I bought 13000 shares at 4.65. The brokerage, STT is rightly calculated. But just wondering how is Service Tax and turnover charges calculated.
Qty.......................13000
Rate.......................4.65
Total......................60490.00
Brokerage................390.00
Service Tax..............47.04
STT........................60.49
Amount....................60987.83
Net Of Current Trades........60880.00 Dr
Service Tax...................... 47.04
Education Cess..................0.94
Higher Education Cess.........0.47
STT Amt...........................60.49
Stamp Duty.......................6.05
Turnover Charges...............2.03
Net Amount.......................60997.02 Due to US