Revised Transaction Fees on Stock Exchanges, New TDS Rates Take Effect From Oct 1, 2024

Indian stock exchanges have revised their transaction fees for cash, futures, and options trading, effective from Tuesday. Changes related to Tax Deducted at Source (TDS) and government bonds also came into force.

According to the National Stock Exchange (NSE), the updated transaction fees are as follows:

• Cash market: ₹2.97 per ₹1 lakh of traded value.
• Equity futures: ₹1.73 per ₹1 lakh of traded value.
• Equity options: ₹35.03 per ₹1 lakh of premium value.
• Currency derivatives (futures): ₹0.35 per ₹1 lakh of traded value.
• Currency derivatives (options, including interest rate options): ₹31.10 per ₹1 lakh of premium value.

In the Union Budget, the government announced an increase in the Securities Transaction Tax (STT) on Futures and Options to 0.02% and 0.1%, respectively.

Regarding TDS, a 10% rate will now apply to certain Central and State government bonds, including floating rate bonds, once the ₹10,000 threshold is crossed.

Additionally, TDS on rent payments by Hindu Undivided Families (HUFs) or individuals under Section 194-IB has been reduced to 2%, down from 5%. Similarly, under Section 194G, the commission on lottery ticket sales has also been lowered to 2% from the previous 5%.

The interest rates for post office savings deposits and Public Provident Fund (PPF) remain unchanged at 4% and 7.1%, respectively.

From October 1, Indian citizens no longer need to provide their Aadhaar enrollment ID when applying for a PAN card or filing income tax returns.