What are the charges for gifting stocks?
The charges for gifting are 0.03% of the gift value or ₹25 whichever is higher, plus 18% GST is charged per company or ISIN.
Shares of Airtel, Britannia, and Coal India are to be gifted to a family member on June 3rd 2021. In this scenario, the charges will be calculated as follows:
| Share | Quantity (A) |
Closing Price in ₹
(B) |
Value A*B (in ₹) | 0.03% (in ₹) | ₹25 | Considered Amount (in ₹) |
| Airtel | 25 | 532.05 | 13,301.25 | 3.99 | ₹25 | 25 |
| Brittania | 26 | 3,496.25 | 90,902.5 | 27.27 | ₹25 | 27.27 |
| Coal India | 100 | 149.05 | 14,905 | 4.47 | ₹25 | 25 |
| Applicable charge | 77.27 | |||||
| GST @18% | 13.91 | |||||
| Total charges in ₹ | 91.18 | |||||
Did you know?
- The highest closing price of the stock between NSE and BSE is taken for calculation of charges.
- There can be a difference of a few paise in charges since they are rounded off to two decimal places.
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