The Securities Transaction Tax regime covering shares as well as mutual funds has come into effect from October 1.

The tax of 0.075 per cent of transaction value would be levied on the buyer and the seller for delivery based trades on stock exchanges.

The government has already notified the rules for levying STT.

The non-delivery based transactions would attract the tax of 0.015 per cent on seller of securities.

In the derivatives segment, STT would be imposed on the sell side at rate of 0.01 per cent for futures and options trade.

The stock exchanges have prepared software for levying this tax on transactions and would collect it from broking members.