in f&o after charge deduction like brokerage, exchange charge, etc.
i have to pay advance tax
Its a matter of choice whether to give tax in advance or not, and there will be interest liable if you don’t pay advance tax each quarter starting before June 15 if your assessment year tax is greater than 10,000.
Brokerages, exchange charges, GST, SEBI charges, STT/CTT charges, stamp duty, and so on are different things for income tax, and you get the option to deduct these charges when filling out the ITR. If you’re linked to the securities market directly or indirectly, it’s payable and compulsory.
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Hello @nakhwa.adil,
Advance tax has to be paid if the estimated tax liability exceeds ₹10,000. In F&O, you can consider all the charges like brokerage, exchange charges, GST, Stamp Duty,etc as well as all other expenses related to F&O trading like internet expenses, etc. and calculate the profit and tax on the same. If the tax liability exceeds ₹10,000 you need to pay advance tax.
You can use the advance tax calculator to calculate the tax payable.