How is brokerage calculated in India?

Brokerage is what your broker charges to execute a trade. Discount brokers usually charge ₹0 on delivery and a flat fee like ₹20 per order (or a small percentage, whichever is lower) on intraday and F&O. On top of brokerage you pay statutory charges that are the same for every broker: STT, exchange transaction charges, SEBI fee, stamp duty and 18% GST on the brokerage and transaction charges.

What charges apply on top of brokerage?

STT (Securities Transaction Tax), exchange transaction charges, the SEBI turnover fee, stamp duty on the buy side, and 18% GST charged on brokerage plus exchange and SEBI charges. When you sell shares from your demat there's also a small DP charge. All of these except brokerage are fixed by the government or exchange, so they don't change based on which broker you pick.

Is delivery trading really free?

Many discount brokers charge ₹0 brokerage on delivery (equity you hold), but that's zero brokerage, not zero cost. You still pay STT, stamp duty, exchange and SEBI charges, GST, and a small DP charge when you sell. Our calculator shows every one of these so you see the real all-in cost.

Are these calculations exact?

They're close estimates using standard published statutory rates and each broker's headline pricing. Actual charges can vary slightly by exchange (NSE/BSE), the specific scrip, your state's stamp duty, and the broker's plan. Always confirm exact charges in your contract note.

Which broker is cheapest for me?

It depends on how you trade. If you mostly buy and hold (delivery), a broker with ₹0 delivery and low AMC wins. If you trade intraday or F&O frequently, flat ₹20-per-order brokers add up far less than percentage-based full-service brokers. Use the comparison table below to see the total cost across brokers for your exact trade.

Can I share or embed this calculator?

Yes. Every trade you enter is reflected in the page address, so copying the link (or using the Share button) sends someone the exact same calculation. Educators and publishers can use the Embed button to place the calculator on their own site, pre-filled with any trade, with attribution back to BrokerBazaar.

BrokerBazaar Tools

Brokerage Calculator

See exactly what a trade costs you, brokerage plus every statutory charge, and compare it across India's top brokers in one click.

Broker

₹0 delivery · ₹20 or 0.03% intraday & F&O (whichever is lower)

Segment

Buy price (₹)

Sell price (₹)

Quantity (shares)

Total turnover₹20,500.00

Cost breakdown with Zerodha

Brokerage₹6.15

STT / CTT₹2.63

Exchange charges₹0.63

SEBI charges₹0.02

Stamp duty₹0.30

GST (18%)₹1.22

Total charges₹10.95

Net P&L

₹489.05

Break-even move

₹0.11/share

Estimates using standard published statutory rates. Actual charges vary by exchange, scrip, state and plan. A small DP charge also applies on delivery sells.

This exact trade is saved in the page address. Share it, or embed the calculator on your own site.

What this trade costs across brokers

Same trade (equity intraday, ₹20,500 turnover), ranked cheapest first.

Cheapest: Zerodha (₹10.95)

Broker	Brokerage	Total charges	Net P&L
ZerodhaCheapestDiscount	₹6.15	₹10.95	₹489.05
Angel OneFull-service	₹6.15	₹10.95	₹489.05
DhanDiscount	₹6.15	₹10.95	₹489.05
SharekhanFull-service	₹6.15	₹10.95	₹489.05
HDFC SecuritiesFull-service	₹6.56	₹11.43	₹488.57
UpstoxDiscount	₹10.25	₹15.79	₹484.21
GrowwDiscount	₹20.50	₹27.88	₹472.12
ICICI DirectFull-service	₹40.00	₹50.89	₹449.11
5paisaDiscount	₹40.00	₹50.89	₹449.11
Kotak SecuritiesFull-service	₹40.00	₹50.89	₹449.11

Based on each broker's standard published pricing. Some brokers offer plans that change these numbers, always confirm before opening an account.

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New to all these charges?

Read our plain-English guide: every charge on your trade, explained.

Common questions

This calculator is an educational tool, not investment advice or an official charge statement. Charges follow standard SEBI, exchange and government rates and can vary. Always confirm exact costs in your broker's contract note before trading. BrokerBazaar is an independent comparison platform.