TDS for STCG, LTCG in Zerodha

Taxation
1

Hi

I do see this statement in my Zerodha TDS document. Isn’t it supposed to be 20% for STCG & 12.5% for LTCG?

LTCG subjected to TDS of 14.95% for equity and 23.92% for Non-equity while TDS for STCG is 23.92% & 35.88% respectively.

Any input is highly appreciated

2

I think there are few cess such as eduction cess etc. the above rate could be the sum total of all charges
@Quicko - please clarify

3

The rates mentioned above are quoted before surcharge and cess.

  • Surcharge: 15% on capital gain rate
  • Cess: 4% on capital gain rate

Therefore, after applying the surcharge and cess, the effective rates for Equity are:

  • LTCG: 14.95%
  • STCG: 23.92%

Also, for non-Equity, STCG & LTCG before surcharge and cess are 30% & 20% respectively.

Visit: What is the “Provisional TDS amount blocked” entry in the ledger? // How does Zerodha deduct TDS for NRI NON-PIS accounts?