The Government will now make ~80x more money than your broker on a NIFTY futures trade.

(With the Budget STT hike: Futures sell STT rises from 0.02% to 0.05%. On a normal lot, STT alone can be ~₹800 while brokerage is ₹10.)

In options, the government makes 2x to 15x what your broker earns.
(Options sell STT rises from 0.10% to 0.15% on premium — making STT the main fixed cost per churn.)

STT is now the biggest chunk of trading charges, and if you’re paying tax under Capital Gains, you can’t adjust STT against your gains.

This is India’s tax terrorism story — not with headlines, but with silent friction on every trade.