Tax is applicable for profit or margin?

Hi friends,
I have a doubt in taxation on stocks and derivatives.

  1. If I sell less premium OTM option for 10rs, then the margin requirements is appx 1.4L. after expiry I will get 10*75 rs and my margin amout.
    Will I get tax for profit 750rs or total transaction 1.4L?

  2. In stock if I am buying 10x leverage stocks for 1000rs, then I am getting sms for total transaction value as 10+10= 20k of the day. So what is the amount consider here for tax? 20k or if any profit comming from the?

Thanks in advance

Income tax is always paid on profits, not on volumes.

Thank you