State-Wise Stamp Duty For Trading Stocks in India

Stamp duty is a tax, similar to sales tax and income tax, collected by the government. Stamp duty is payable under Section 3 of the Indian Stamp Act, 1899. Rates of stamp duty payable for different types of documents are as per Schedule I of Stamp Act 1889.

When it comes to stock exchange (NSE/BSE/NCDEX/MCX) activities, stamp duty is payable by the trading member of the exchange and is usually recovered from sub-brokers/investors.

Stamp duty is a certain amount of money levied on value of shares transferred. In India, stamp duty or other regularity duty is levied by various states, and therefore rate of stamp duty varies from state to state.

In Indian stock market, stamp duty is most commonly termed as Broker Note Stamp.

Following are the state-wise stamp duty on online trading:

State Amount Of Stamp Duty % Maximum Limits
Andhra Pradesh 50 Paise for every Rs 10,000/ or part thereof of the stock or securities 0.005 Rs. 50.00
Arunachal Pradesh Delivery .04%
Square Up .04% .
F&O .04%
0.04 Rs. 40.00
Assam Ninety Paise (Rs.00.90) for
every Rs.5,000/- or part
thereof of the stock or
securities
0.018 Rs. 49.50
Bihar Fifteen rupees (Rs.15.00) for every Rs.1000/- or part thereof of the stock or securities 1.5 Rs. 200.00
Delhi Delivery .01%
Square Up 0.002%
F&O 0.002%
0.01
0.002
0.002
No Limit
Goa, Daman & Diu One Rupee (Rs.1.00) for every Rs.10,000/- or part thereof of the stock or securities 0.01 Rs.50.00
Gujrat Delivery 0.01%
Non-delivery 0.002%
F&O 0.002%
0.01
0.002
0.002
No Limit
Haryana Thirty paise (Rs. 00.30 for
every Rs.10,000/- or
thereof of the stock or
securities
0.003 Rs. 30.00
Himachal Pradesh Thirty paise (Rs. 00.30 for
every Rs.10,000/- or
thereof of the stock or
securities
0.003 Rs. 30.00
Jammu & Kashmir Sixty paise (Rs.00.60) for every Rs.2,500/- or part thereof 0.024 No Limit
Jharkhand Delivery 1.5%, Square Up 1.5%, F&O 1.5% 1.5
1.5
1.5
Rs. 200.00
Karnataka One Rupee (Rs.1.00) for every Rs.10,000/- or part thereof of the stock or securities 0.01 Maximum 50
Kerala Delivery .01% IT
Square Up 0.002% F&O 0.002%
0.01
0.002
0.002
No Limit
Madhya Pradesh Also Applicable In Chattisgarh One Rupee (Rs.1.00) for every Rs.10,000/- or part thereof of the stock or securitiesF&) 0.002% 0.010.002 No Limit
Maharashtra Delivery .01%
Square Up 0.002%
F&O 0.002%
0.01
0.002
0.002
No Limit
Meghalaya Two Rupee (Rs.2.00) for every Rs.5,000/- or part thereof of the value of the stock or securities 0.04 Rs. 40.00
Nagaland Two Rupee (Rs.2.00) for every Rs.5,000/- or part thereof of the value of the stock or securities 0.04 Rs. 100.00
Oridha Fifty Paise (Rs.00.50 for every Rs.10,000/- or part thereof of the stock or securities 0.005 Rs. 50.00
Punjab Five Rupee (Rs.5.00) for every Rs.10,000/- or part thereof of the stock or securities 0.05 Article 43
Rajasthan Delivery .01%
Square Up 0.002%
F&O 0.002%
0.01
0.002
0.002
No Limit
Tamil Nadu Delivery .006%
Square Up 0.006%
F&O 0.006%
0.006 No Limit
Uttar Pradesh Delivery .02%
Square Up 0.02%
F&O 0.02%
0.002
0.002
0.002
Rs. 1000.00
Uttarakhand Delivery .002%
Square Up 0.002%
F&O 0.002%
0.02 Rs.1000.00
West Bengal Fifty Paise (Rs.00.50 for every Rs.5,000/- or part thereof of the stock or securities 0.01 No Limit

Leave a Reply

Your email address will not be published. Required fields are marked *