Short answer

When your option positions get exercised, Securities Transaction Tax (STT) applies based on whether you bought or shorted the options.

STT charges for exercised options

If you bought options that get exercised: STT is charged at 0.15% of the option’s intrinsic value.

If you shorted options that expire: No additional STT is charged since STT at 0.15% of the premium was already paid when you initially sold the options.

Broker details

iRage Broking Services LLP (SEBI registration INZ000011262), product name Arrow. Registered office: Gift City, Gandhinagar.