Doubt in Brokerage for nifty

[hmsanil]

I am little confused in understanding Break even point for Nifty Futures Brokerage And taxes

Brokerage at .01 paise for 1 lot Nifty 5000

Brokerage- (0.01)=50.02
Transaction Cost-(0.002)=10.00
Service Tax-(10.3)=6.18
Stamp Duty -(0.001)=5.00
STT-(0.017)=42.53
SEBI-(0.0001)=0.500
TOTAL=114.23


SO BREAK EVEN POINT IS 2.28 Point in Nifty

Am i right?

 

[vallabh_joy123]

I am little confused in understanding Break even point for Nifty Futures Brokerage And taxes

Brokerage at .01 paise for 1 lot Nifty 5000

Brokerage- (0.01)=50.02
Transaction Cost-(0.002)=10.00
Service Tax-(10.3)=6.18
Stamp Duty -(0.001)=5.00
STT-(0.017)=42.53
SEBI-(0.0001)=0.500
TOTAL=114.23


SO BREAK EVEN POINT IS 2.28 Point in Nifty

Am i right?

yes... right calculation....


Regards

 

[hmsanil]

yes... right calculation....


Regards

Is there any other charges applicable for futures?

Thanks

Anil

 

[chetanbang]

is the brokerage(0.01) and taxes still same if you hold for more than a day?

 

[hmsanil]

is the brokerage(0.01) and taxes still same if you hold for more than a day?

For futures it remains same for both intraday and holding

But for cash STT tax will change

Thanks

Anil