"Other Tax" in Contract Note

[Market_Wizard]

Hi @PravinJ, I noticed that I have been charged a tax amount under the header “Other Tax” from 25th April 2023 onwards. Can you please explain what that charge is for? I am attaching a screenshot of the contract note page for reference.

[Divyesh]

Hi @Market_Wizard

The contribution given to NSE IPFT (Investor Protection Fund Trust) has been adjusted with effect from April 1, 2023.

Read more on this:-

Important Update on Charges - STT, Exchange Transaction and IPFT

Securities Transaction Tax (STT) The Finance Bill 2023 has made amendments to increase the STT on sale of futures and options contracts by 25%. The existing and revised charges computed in Rs. per crore are tabulated as below. This will be made effective April 1, 2023. Segment Earlier Revised Remarks Equity Futures ₹1,000 ₹1,250 Computed on traded value on SELL side Equity Options ₹5,000 ₹6,250 Computed on premium value on SELL side Exchange Transaction Charges - NSE In additio…

[RahulDeshpande]

Hi @Market_Wizard ,

Hope your query has been clarified. Closing this topic as the answered has been answered.

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