Securities Transaction Tax: Rate Hikes on F&O w.e.f 1st October 24



Quick Summary
The Securities Transaction Tax (STT) is set to see rate hikes on Futures and Options transactions starting from 1st October 2024. This increase in STT will raise overall transaction costs for traders and investors. The government aims to mitigate tax evasion and align tax rates with the growing value of derivatives transactions, potentially encouraging a more disciplined trading approach.

Securities Transaction Tax (STT) was introduced in the year 2004 Union Budget and came into effect from 1st Oct 2004. SST is governed by Securities Transaction Act which has specifically listed down various taxable securities transactions. Here taxable securities include equity, derivativ
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About the Author

Finance Professional

I write about Income Tax, GST, TDS, RBI updates, government schemes, and personal finance in India. My focus is on simplifying complex tax and compliance topics into easy-to-understand guides that help readers stay updated with the latest financial rules, investment options, and regulatory changes.

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