Brokerage Calculator India — Broker Comparison & Statutory Taxes
Calculate your exact trading charges, government taxes (STT, Stamp Duty, GST), exchange fees, and points to breakeven across Equity Delivery, Intraday, Futures, and Options. Compare Zerodha, Groww, Angel One, Upstox, Dhan, ICICI Direct, and Kotak Securities side-by-side.
+₹₹4,756.64
Gross P&L: ₹₹5,000.00
Points to Breakeven
₹2.43/sh
Breakeven Sell Price
₹1002.43
Itemized Charges Breakdown (NSE)
SEBI True-to-LabelFree Zero Delivery Brokerage
0.1% on Buy & Sell turnover
NSE uniform 0.00297%
18% statutory on (Brokerage + Exchange Fees + SEBI charges)
₹10 per Crore (0.0001%) across all segments
Indian Stamp Act (levied on Buy side turnover only)
CDSL/NSDL debit fee upon selling delivery stocks
Side-by-Side Broker Cost Comparison Matrix
Comparison for this exact trade (Turnover: ₹₹2,05,000.00, Segment: DELIVERY)
| Broker | Type | Brokerage | Total Charges | Breakeven/Sh | Net P&L | Savings vs Peak |
|---|---|---|---|---|---|---|
| DhanLowest Cost | Discount Broker | ₹₹0.00 | ₹₹242.18 | ₹2.42 | +₹₹4,757.82 | ₹₹56.05 |
| ZerodhaSelected | Discount Broker | ₹₹0.00 | ₹₹243.36 | ₹2.43 | +₹₹4,756.64 | ₹₹54.87 |
| Angel One | Discount Broker | ₹₹0.00 | ₹₹251.03 | ₹2.51 | +₹₹4,748.97 | ₹₹47.20 |
| ICICI Direct | Full-Service Broker | ₹₹0.00 | ₹₹251.03 | ₹2.51 | +₹₹4,748.97 | ₹₹47.20 |
| Groww | Discount Broker | ₹₹40.00 | ₹₹290.56 | ₹2.91 | +₹₹4,709.44 | ₹₹7.67 |
| Upstox | Discount Broker | ₹₹40.00 | ₹₹296.46 | ₹2.96 | +₹₹4,703.54 | ₹₹1.77 |
| Kotak Securities | Full-Service Broker | ₹₹40.00 | ₹₹298.23 | ₹2.98 | +₹₹4,701.77 | — |
| HDFC Sky | Discount Broker | ₹₹40.00 | ₹₹298.23 | ₹2.98 | +₹₹4,701.77 | — |
Regulatory Disclosures & Statutory Rules (SEBI & Indian Tax Law)
• SEBI True-to-Label Circular: Effective October 1, 2024, Market Infrastructure Institutions (MIIs) including NSE and BSE charge uniform flat fees without tiered slab discounts. Brokers are prohibited from charging clients more than actual exchange fees.
• STT Budget Amendments: As per Union Budget amendments, STT on Futures is 0.02% and Options premium is 0.1% on the sell side. Cash equity delivery remains 0.1% on both Buy and Sell sides.
• GST Applicability: 18% Goods & Services Tax applies strictly to service components (Brokerage, Exchange Transaction Charges, and SEBI charges). Government taxes (STT and Stamp Duty) are exempt from GST.
• Non-Advisory Notice: This calculator provides deterministic mathematical projections. InvestResearch India is an educational analytics platform and not a SEBI-registered Investment Adviser or Research Analyst.
Understanding Transaction Taxes vs Brokerage Commissions
Even with discount brokers offering ₹0 brokerage on delivery trades, statutory government levies (STT 0.1%, Stamp Duty 0.015%, Exchange fees, and DP charges) are mandatory under Indian tax laws.
Every trade requires an asset to move by a minimum spread (points to breakeven) just to cover transaction expenses. On low-margin intraday trades, understanding your breakeven exit is critical for survival.
Net trading profits are subject to Income Tax: Short-Term Capital Gains (Section 111A) at 20%, Long-Term Capital Gains (Section 112A) at 12.5% above ₹1.25 Lakhs, or business income for intraday trades.
Frequently Asked Questions (Brokerage & Trading Charges)
Q1.How is brokerage calculated across different Indian brokers?
Discount brokers such as Zerodha, Groww, Angel One, and Upstox typically charge flat ₹0 on Equity Delivery trades and flat ₹20 or a small percentage (e.g. 0.03% to 0.05%, whichever is lower) per executed order on Intraday and F&O trades. Full-service brokers may charge percentage-based brokerage (0.1% to 0.5%) unless using their discounted neo plans.
Q2.What are the latest STT (Securities Transaction Tax) rates in India?
Under Union Budget amendments, STT rates are: Equity Delivery: 0.1% on Buy and 0.1% on Sell; Equity Intraday: 0.025% on Sell only; Equity Futures: 0.02% on Sell turnover; Equity Options: 0.1% on Sell premium turnover. STT is a Central Government tax and is not subject to GST.
Q3.What is SEBI's 'True-to-Label' circular and how does it affect transaction fees?
Effective October 1, 2024, SEBI mandated Market Infrastructure Institutions (NSE, BSE, MCX) to charge uniform flat transaction fees rather than tiered volume-based rebates. Brokers are required to pass on only actual exchange charges to clients without markups, ensuring complete transparency.
Q4.How is GST applied on stock market trading charges?
A standard Goods & Services Tax (GST) rate of 18% is levied exclusively on service charges: Brokerage + Exchange Transaction Charges + SEBI Turnover Charges. Pure statutory taxes (STT and State Stamp Duty) are exempt from GST.
Q5.What are Depository Participant (DP) charges on equity delivery?
DP charges are debited by depositories (CDSL or NSDL) through your broker when you sell shares held in your Demat account under Equity Delivery. Unlike brokerage, DP charges are flat per company scrip per day regardless of quantity (typically ₹13.50 to ₹20 + 18% GST). DP charges do not apply to intraday or F&O trades.