Mumbai
On Tuesday, Indian stock exchanges announced changes to transaction fees for cash, futures, and options trading, alongside updates on TDS and government bonds.
As per the National Stock Exchange (NSE), the transaction fee for the cash market has been set at ₹2.97 per lakh of traded value. For equity futures, the fee is ₹1.73 per lakh, and for equity options, it’s ₹35.03 per lakh of premium value. In currency derivatives, futures will have a fee of ₹0.35 per lakh of traded value, and options, including interest rate options, will incur a fee of ₹31.10 per lakh of premium value.
The Union Budget also raised the Securities Transaction Tax (STT) on futures to 0.02% and on options to 0.1%.
In addition, revised TDS rates are now in effect. A 10% TDS will apply to certain government bonds, with a threshold of ₹10,000. Rent payments by Hindu Undivided Families (HUF) or specific individuals now face a reduced TDS of 2%, down from 5%. The TDS on lottery ticket commissions has also been lowered to 2%.
Meanwhile, interest rates on post office savings and PPF remain steady at 4% and 7.1%, respectively. Starting October 1, Aadhaar enrolment IDs can no longer be used for PAN allotment. Indian citizens are no longer required to provide their Aadhaar enrolment ID in PAN documents or while filing tax returns.
