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Time Business News
5 hours ago
- Business
- Time Business News
Brokerage Calculators: Your Secret Tool for Smart Trading Decisions
When you are a beginner in the stock market, you assume that if you buy a stock at ₹100 and sell it at ₹115, your profit income would be ₹15. However, later, you find out that your profit is reduced when you take a look at your trading account. You can see that there were additional costs that resulted in a reduced profit. To overcome this problem, a brokerage calculator may be of considerable help. Continue reading to find out why. A brokerage calculator is an online tool provided by brokers at no cost to help traders and investors easily calculate their brokerage fees before executing a trade. The fees charged are small, but combining these costs can reduce your overall profit. A brokerage calculator can determine and tell you the estimated profit or loss after subtracting all added charges through calculation, before you even place the trade. Some of the charges subtracted from your profit are: Brokerage Fee – Charged by the stockbroker Securities Transaction Tax(STT) – Government applied tax Transaction Charges – Charged by stock exchanges SEBI Charges – Charged by the Securities and Exchange Board of India GST – Tax on brokerage and other fees Stamp Duty – State-wise tax on transactions Not all trades are the same. Buying shares for intraday trading is different from of long-term trading. Hence, based on the type of trade or market segment, there are different types of brokerage calculators: Commodity Brokerage Calculator: Calculates brokerage fees on commodities such as gold, silver, crude oil, and more. Options And Future (F&O) Brokerage Calculator: Estimates brokerage charges for trading in options and futures contracts, taking contract values and premium sales into account. Intraday brokerage calculator: meant for same-day buy and sell. The charges are usually lower than the delivery. It is beneficial for intraday traders to check if their trade is profitable after accounting for costs. Currency brokerage calculator: made for trading in foreign currencies, often in the forex market. Delivery brokerage calculator: meant for buying and holding shares for more than one day. It displays charges such as brokerage, Securities Transaction Tax (STT), and stamp duty. When you are involved in stock market trading, many concentrate on buying low and selling high, while forgetting that there are additional costs involved. In every trade, fees such as brokerage fees, taxes, and others drain your profits. Given below are the reasons why you should use one: Understand the actual expense of trading. Your profits do not come from the difference between buying and selling stocks. Several charges like GST, SEBI, transactional charges, and more are first deducted from the initial profit to result in your overall profit in your trading account. A brokerage calculator helps measure all these costs in one place, letting you know your actual earnings. You can plan better trades Knowing the charges helps you set realistic profit targets, choose stop-loss levels more accurately, and avoid unprofitable trades. A brokerage calculator is beneficial in intraday and F&O trading, where margins are small. It saves your time and effort Calculating every tax and fee manually is complicated and time-consuming; however, a brokerage calculator does it instantly, allowing you to focus on making better trading decisions. Works for every kind of trader Beginners can gain a clear understanding of the costs involved and establish a solid foundation. Intraday traders can stay on top of their gains and avoid losses due to hidden charges. Long-term investors can obtain a more accurate estimate of net returns when exiting large positions. A brokerage calculator helps you determine the estimated profit or loss after factoring in all charges, including brokerage, taxes, and fees. It makes planning easier, removes guesswork, and is helpful for all types of traders. In just seconds, you get accurate cost estimates for better, smarter trading decisions. TIME BUSINESS NEWS
Yahoo
5 days ago
- Business
- Yahoo
What to Expect From State Street's Q2 2025 Earnings Report
With a market cap of $30 billion, State Street Corporation (STT) is a leading financial holding company serving institutional investors worldwide. Through its subsidiaries, it provides a comprehensive suite of investment servicing and management solutions, including custody, fund administration, analytics, and the State Street Alpha platform. The Boston, Massachusetts-based is expected to announce its fiscal Q2 2025 earnings results before the market opens on Tuesday, Jul. 15. Ahead of this event, analysts expect STT to report a profit of $2.40 per share, up 11.6% from $2.15 per share in the previous year's quarter. It has surpassed Wall Street's bottom-line estimates in the past four quarters. In Q1 2025, State Street exceeded the consensus EPS estimate by over 3%. Dear Nvidia Stock Fans, Watch This Event Today Closely A $2 Billion Reason to Sell Super Micro Computer Stock Now 3 ETFs Offering Juicy Dividend Yields of 15% or Higher Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For fiscal 2025, analysts project STT to achieve EPS of $9.54, marking over 10% increase from $8.67 in fiscal 2024. EPS is further expected to rise 10.5% year-over-year to $10.54 in fiscal 2026. STT stock has jumped 43.8% over the past 52 weeks, outperforming the S&P 500 Index's ($SPX) 12.3% gain and the Financial Select Sector SPDR Fund's (XLF) 26.4% return over the same period. Shares of STT rose 2.1% on Apr. 17 as investors responded positively to the company's strong Q1 2025 results, with EPS of $2.04 surpassing the consensus estimate. The 20.7% year-over-year EPS growth and a 39.1% jump in net income highlighted solid profitability. Fee revenues rose 6.1% to $2.66 billion, outperforming expectations and signaling strong core business momentum. Additionally, lower provisions for credit losses and an 8.5% increase in AUM reassured investors of State Street's financial stability and growth potential. Analysts' consensus rating on State Street stock is cautiously optimistic, with a "Moderate Buy" rating overall. Out of 17 analysts covering the stock, opinions include eight "Strong Buys," two "Moderate Buys," six "Holds," and one "Moderate Sell." As of writing, STT is trading slightly below the average analyst price target of $105.53. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
GMA Network
6 days ago
- Business
- GMA Network
Lower stock trading tax takes effect July 1, 2025
Stock market investors and traders could look forward to increased earnings as the legislated cut in Stock Transaction Tax (STT) would take effect next month. In an advisory, the Philippine Stock Exchange Inc. (PSE) said the Republic Act No. 12214 or the Capital Markets Efficiency Promotion Act (CMEPA), which slashed the STT from 0.6% to 0.1%, would be in effect on July 1, 2025. With this, the PSE said that the STT of 'one-tenths of one percent (1/10 of 1%) shall apply to transactions through the Exchange made on July 1, 2025 onwards.' The STT is applied on the gross selling price or gross value in money of the shares of stock sold, exchanged, or disposed of. The reduced STT rate of 0.1% would mean that for every P1,000 of listed shares disposed or sold, the tax would be lower at P1, instead P6 under the previous rate. — BAP, GMA Integrated News
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Business Standard
21-06-2025
- Business
- Business Standard
Net direct tax collection drops by 1.39% to Rs 4.58 trillion so far in FY26
Net direct tax collections till June 19 in the financial year 2025-26 (FY26) dipped by 1.39 per cent year-on-year to Rs 4.58 trillion, due to higher refunds, income tax relaxation provided to salaried individuals and the impact of increased capital expenditure by companies. Of this, non-corporate tax - which includes taxes paid by individuals, Hindu Undivided Families, firms, bodies of individuals, associations of persons, local authorities, and artificial juridical person - grew marginally by 0.71 per cent on yearly basis to Rs 2.72 trillion during the same period. Net corporate tax during the same period declined by 5.13 per cent to Rs 1.72 trillion, while securities transactions tax (STT) increased by 12.13 per cent to Rs 13,013 crore, according to the data. According to Samir Kanabar, tax partner with EY, the marginal dip in net tax collections is majorly due to tax relaxation given to salaried class in the Union Budget 2025. 'Since individuals are paying less tax, the government is receiving lower Tax Deducted at Source (TDS) from salaries. On the corporate side, the fall in tax collection is partly because companies are getting large refunds and also because many of them have made big Capex investments," said Kanabar. "When businesses spend on setting up factories, buying machinery, or expanding operations, they get tax deductions under the Income Tax Act, which reduces their taxable income and ultimately lowers the Corporate Income Tax they pay,' he added. Gross direct tax collections increased by 4.86 per cent year-on-year to Rs 5.45 trillion, while refunds rose significantly by 58.04 per cent to Rs 86,385 crore during the same period. Of the total refund, major chunk comprised of corporate refunds totalling Rs 76,832.08 crore which grew by 67.31 per cent. According to experts, this refund relates to past years which may have been cleared now. Of the total gross direct tax, corporate tax amounted to Rs 2.49 trillion, non-corporate tax contributed Rs 2.82 trillion , STT totalled Rs 13,013 crore and other taxes stood at Rs 259.61 crore. "The growth in corporate tax collections appears to be broadly in line with expected profit growth. In the case of non-corporates, collections may have been impacted by lower bonus payouts and modest salary increments. As for refunds, these likely pertain to previous assessment years and may simply reflect bunching of processing activity towards the end of the first quarter," said Madan Sabnavis, chief economist at Bank of Baroda. Meanwhile, advance tax collections registered a moderate growth of 3.87 per cent in the first quarter of FY26. This is in comparison to last year's year-on-year growth of 27.34 per cent. Advance tax is paid by individuals and businesses in four installments within specific dues dates - June 15, September 15, December 15 and March 15. The non-corporate advance tax decreased by 2.68 per cent on year to Rs 33,928.32 crore till June 19, in FY26, while corporate advance tax rose by 5.86 per cent to Rs 1.21 trillion during the same period. The Centre is estimated to collect Rs 25.2 trillion as direct taxes in FY26. Net direct tax collection in FY25 grew at 13.57 per cent to Rs 22.26 trillion, exceeding the initial budgeted target of Rs 22.07 trillion.
Indian Express
21-06-2025
- Business
- Indian Express
Advance tax collection growth slows to 3.9%, income tax mop-up lower than FY25 level
Advance direct tax collections from the first installment in the current financial year 2025-26 grew by 3.87 per cent to Rs 1.56 lakh crore as on June 19 this year, slower than the growth of 27.34 per cent seen in the same period a year ago, data released Saturday by the Income Tax Department showed. While advance tax collections during April 1-June 19 for corporate tax grew 5.86 per cent to Rs 1.22 lakh crore, personal income tax or non-corporate tax collections recorded a slowdown, with advance collections falling by 2.68 per cent to Rs 33,928.32 crore. The advance tax collections for personal income at Rs 33,928.32 crore are lower than the first installment collections of Rs 34,863.78 crore seen in the previous financial year 2024-25 (as on June 19, 2024). The slower growth in advance tax collections for personal income tax seems to be more pronounced, a possible indication of the impact of the income tax cuts undertaken in the Budget as well as slowing income growth. Non-corporate tax includes taxes paid by individuals, Hindu Undivided Families (HUFs), firms, Association of Persons (AoPs), Body of Individuals (Bols), local authorities, artificial juridical persons. Every person, whose estimated tax liability for the financial year is Rs 10,000 or more, is required to pay his or her taxes in advance in the form of 'advance tax'. The advance tax has to be paid in four installments during the year. The first installment has to be paid on or before June 15 with payment of not less than 15 per cent of the advance tax. The second installment has to be paid on or before September 15 with 45 per cent advance tax as reduced by the amount paid in the earlier installment. The third installment requires 75 per cent to be paid on or before December 15, followed by 100 per cent payment on or before March 15. Overall, growth in net direct tax collections so far until June 19 also slipped into negative territory, declining 1.39 per cent to Rs 4.59 lakh crore from Rs 4.65 lakh crore in the corresponding period of the previous financial year. The net collections were lower as refunds increased by 58 per cent to Rs 86,385 crore until June 19 this year. Gross direct tax collections, however, rose 4.86 per cent to Rs 5.45 lakh crore this fiscal. Net corporate tax collections slowed to Rs 1.73 lakh crore, down 5.13 per cent from the year-ago period. Personal income tax or non-corporate tax collections increased marginally by 0.7 per cent to Rs 2.73 lakh crore. Securities Transaction Tax (STT) increased by 12 per cent to Rs 13,013 crore during the period. Aanchal Magazine is Senior Assistant Editor with The Indian Express and reports on the macro economy and fiscal policy, with a special focus on economic science, labour trends, taxation and revenue metrics. With over 13 years of newsroom experience, she has also reported in detail on macroeconomic data such as trends and policy actions related to inflation, GDP growth and fiscal arithmetic. Interested in the history of her homeland, Kashmir, she likes to read about its culture and tradition in her spare time, along with trying to map the journeys of displacement from there. ... Read More
