This is what the calculation gives for the numbers you entered. It is an estimate, not advice, and it knows nothing about your situation beyond those numbers. Rules for India change on a published schedule; the effective date is shown on every rule-based tool.
How this is calculated
A trade attracts brokerage on each side, a transaction tax, exchange charges, GST on the brokerage and exchange charges but not on the tax, and stamp duty on the purchase. Discount brokers cap the brokerage per order, which is why the effective rate falls sharply with trade size. The break-even move is the honest output: it is the percentage the price has to travel before the trade is worth doing at all.
Worked examples
Each of these is asserted on every build. If a change to the engine ever moved one of these answers, the build would fail before the page could print it.
a delivery trade at a capped brokerage
- Trade value on one side
- ₹1,00,000
- Segment
- Equity delivery
- Brokerage rate
- 0.03
- Brokerage cap per order
- ₹20
- Securities transaction tax
- 0.1%
- Exchange transaction charge
- 0%
- GST on brokerage and charges
- 18%
- Stamp duty on the buy side
- 0.02%
Total charges on a round trip₹270
Brokerage of 30 per side capped to 20; STT on both legs for delivery
Open this exampleintraday charges the tax on one leg only
- Trade value on one side
- ₹1,00,000
- Segment
- Equity intraday
- Brokerage rate
- 0.03
- Brokerage cap per order
- ₹20
- Securities transaction tax
- 0.03%
- Exchange transaction charge
- 0%
- GST on brokerage and charges
- 18%
- Stamp duty on the buy side
- 0%
Total charges on a round trip₹83
boundary: the leg rule that separates delivery from intraday
Open this examplea zero-charge broker leaves only the taxes
- Trade value on one side
- ₹1,00,000
- Segment
- Equity delivery
- Brokerage rate
- 0
- Brokerage cap per order
- ₹0
- Securities transaction tax
- 0.1%
- Exchange transaction charge
- 0%
- GST on brokerage and charges
- 18%
- Stamp duty on the buy side
- 0%
Total charges on a round trip₹200
degenerate case
Open this exampleMethod and limits
What it assumes
- A round trip: one buy and one sell of the same value.
- The rates entered are yours. They differ by broker, segment and market.
What it deliberately does not model
- SEBI turnover fees, depository charges and annual maintenance are small and not included.
- Capital gains tax is separate and is not a transaction charge.
Formula version 1.0.0 · definition 1.0.0 · India · Report a problem with this calculator
Frequently asked questions
- Why do the charges hurt so much on small trades?
- Because several of them are fixed per order rather than proportional. A twenty rupee brokerage cap is 0.4% of a five thousand rupee trade and 0.02% of a hundred thousand one.
- Is GST charged on the transaction tax?
- No. GST applies to brokerage and exchange charges, which are services. The transaction tax is itself a tax and is not taxed again.