How much is stamp duty?

For most residents, Upstox charges the Stamp Duty as per Maharashtra Stamp duty rates. For other residents, the stamp duty rates are listed below.

For Andhra Pradesh residents:
Rs. 500/Cr for all segments up to a max of Rs. 50 per segment per day

For Telangana residents:
Rs. 1,000/Cr for all segments up to a max of Rs. 100 per segment per day

For Karnataka residents:
Rs. 300/Cr for all segments effective from April 1, 2017.

For Rajasthan residents:
Rs. 300/Cr for Equity Intraday
Rs. 1200/Cr for Equity Delivery
Rs. 120/Cr for Futures
Rs. 1200/Cr for Option, if exercised
Rs. 240/Cr for Option, if not exercised

For Tamil Nadu residents:
Rs. 600/Cr for Equity, F&O and Currency
For commodities, 10 paisa for every unit of Kilo of Silver, 50 paisa for every unit of Kilo of Gold. No stamp duty on all other products

For Uttar Pradesh residents:
Rs. 200/Cr for Equity, F&O, and Currency for up to Rs. 1,000 per segment per day
Rs. 100/Cr for Commodity Futures

For West Bengal residents:
Rs. 200/Cr for Equity (Intraday), Rs.1000 per crore for Equity (Delivery)
Rs. 200/Cr for Futures & Options
Rs. 200/Cr for Currency Derivatives
Rs. 200/Cr for Commodities

For Madhya Pradesh residents (effective 01/10/2015):
Rs. 200/Cr for Equity, F&O and Currency
Rs. 1,000/Cr for Equity Delivery
Rs. 200/Cr for Commodity Futures up to a max of Rs. 50 per segment per day

For Haryana residents (effective 01/08/2017):
Rs. 1,000/Cr for Equity Delivery
Rs. 1,000/Cr for Commodity Futures
Rs. 1,000/Cr for Equity, F&O and Currency

For Maharashtra and all other residents:
Rs. 200/Cr for Equity, F&O and Currency
Rs. 1,000/Cr for Equity Delivery
Rs. 100/Cr for Commodity Futures

 

To learn more about Trading Basics visit Upstox Knowledge Base.

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