Calculate exact trading charges — brokerage, STT, GST, exchange fees, stamp duty and net P&L for Intraday, Delivery, F&O Futures and Options trades on NSE and BSE.
Total Brokerage = Brokerage + STT + Exchange Fees + SEBI + Stamp Duty + GST (18% on brokerage)
Example: Buy 100 shares @ Rs 100, sell @ Rs 105 (Zerodha):
Use the brokerage calculator to compute exact charges including STT, GST, exchange fees for intraday, delivery, and F&O trades.
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Charges are indicative and based on Zerodha’s published fee structure (May 2026). Actual charges may vary by broker, segment and SEBI rate updates.
Zerodha, Angel One & Groww: ₹0 account opening. Paperless KYC, mobile trading & free MF investing.
| Broker | Account Opening | Equity Delivery | Intraday / F&O | Free MF? | |
|---|---|---|---|---|---|
ZER Zerodha TOP#1 broker by active clients | ₹200 | ₹0 | ₹20 / order | ✓ | Open Account |
GRW Groww FREEFree account opening | ₹0 | ₹20 | ₹20 / order | ✓ | Open Account |
AGN Angel OneFree equity delivery | ₹0 | ₹0 | ₹20 / order | ✓ | Open Account |
UPS Upstox1.5 Cr+ active users | ₹0 | ₹20 | ₹20 / order | ✓ | Open Account |
ICD ICICI DirectBank-integrated demat | ₹0 | 0.07% | ₹20 / order | ✓ | Open Account |
Brokerage is indicative for equity segment. Charges may differ for currency / commodity. Affiliate links — we may earn a commission at no cost to you.
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Intraday: 100 shares @ Rs 100
Buy value: Rs 10,000
Sell @ Rs 105: Rs 10,500
Gross profit: Rs 500
Brokerage: Rs 3
STT: Rs 26
Charges: Rs 6
Net: Rs 465
Delivery: 10 shares @ Rs 500
Buy value: Rs 5,000
Hold 1 day, sell @ Rs 550
Gross profit: Rs 500
Brokerage: Rs 0
STT: Rs 55
Charges: Rs 2
Net: Rs 443
F&O: 1 Nifty Future
Sell @ 25,000, buy @ 24,900
Gross profit: Rs 100
Brokerage: Rs 20
STT: Rs 10
Charges: Rs 5
Loss: -Rs 35
For intraday equity trades on NSE/BSE, the total charge breakdown is: Brokerage (0.03% or ₹20 whichever is lower) + STT (0.025% on sell value) + Exchange fee (NSE 0.00307%) + SEBI (₹10/cr) + Stamp duty (0.003% on buy) + GST (18% on brokerage + fees). Typical all-in cost for a ₹10,000 intraday trade: ₹8–12 charges.
₹10,000 trade (100 qty @ ₹100)
Brokerage: ₹3 | STT: ₹2.5 | Exch: ₹0.3 | GST: ₹0.6
Total: ~₹7
₹50,000 trade (500 qty @ ₹100)
Brokerage: ₹15 | STT: ₹12.5 | Exch: ₹1.5 | GST: ₹3
Total: ~₹33
₹1,00,000 trade (1000 qty @ ₹100)
Brokerage: ₹20 | STT: ₹25 | Exch: ₹3 | GST: ₹4.2
Total: ~₹53
F&O brokerage is flat ₹20 per order regardless of trade size — making it proportionally cheaper than equity for large notional trades. Key charges: Futures — STT 0.05% on sell side, NSE transaction charge 0.00183%. Options — STT 0.15% on sell side premium (significantly increased from 2024), NSE transaction charge 0.03553% of premium.
Nifty Future (1 lot = 65 units)
Sell at 22,400 → STT: 22,400 × 65 × 0.05% = ₹728
Brokerage: ₹20 | Exchange: ~₹27 | GST: ₹8.4
Total sell-side: ~₹783
Nifty Options (1 lot, premium ₹200)
Sell → STT: 200 × 65 × 0.15% = ₹19.5 (on premium only)
Brokerage: ₹20 | Exchange: ₹4.6 | GST: ₹4.4
Total sell-side: ~₹49
Use the brokerage calculator above — select F&O Futures or F&O Options segment for exact breakeven calculation. Worked examples use the Nifty 50 lot size of 65 units (NSE revision effective the January 2026 series) and an index level near 22,400 as of 1 October 2026. Lot sizes and STT rates change — re-check both before relying on these figures.
Commodity trading on MCX has a different charge structure: CTT (Commodity Transaction Tax) replaces STT — 0.01% on sell for futures, 0.05% on sell premium for options. MCX transaction charges: 0.0021% for futures, 0.0418% for options. No STT on currency derivatives either.
| Commodity | Lot Size | CTT (sell) | MCX Charge | Typical Total/trade |
|---|---|---|---|---|
| Gold (1 kg) | 1 kg | 0.01% sell | 0.0021% | ₹150–250 round trip |
| Silver (30 kg) | 30 kg | 0.01% sell | 0.0021% | ₹80–150 round trip |
| Crude Oil (100 bbl) | 100 bbl | 0.01% sell | 0.0021% | ₹60–100 round trip |
| Natural Gas (1250 MMBtu) | 1250 MMBtu | 0.01% sell | 0.0021% | ₹40–80 round trip |
Select "Commodity Futures" or "Commodity Options" in the brokerage calculator above for exact MCX charge computation.
Zerodha (Most Popular): Intraday 0.03% or Rs 20 (flat fee model). Delivery zero brokerage. Best for high-frequency traders wanting lowest per-trade cost. Downside: Zero brokerage on delivery with high platform complexity. 5.2M+ users.
Angel One: Intraday 0.03% or Rs 20. Delivery Rs 20 flat. Better for delivery traders. User-friendly mobile app. Margin available at 11% p.a. vs Zerodha 14.6%. Good for beginners.
Shoonya (IIFL): Intraday 0.03% or Rs 20. Delivery Rs 0. MTF interest 12% p.a. Best for low-cost MTF (margin) users. Platform less responsive than Zerodha.
Alice Blue: Intraday 0.02% or Rs 15 (cheaper than Zerodha). Delivery zero. Good for swing traders holding 1-3 days. Execution quality matters more on intraday; Alice Blue slightly slower during volatile markets.
5Paisa: Intraday 0.04% or Rs 20. Delivery Rs 20. Cheapest MTF interest at 9.5% p.a. Good for MTF heavy traders willing to pay delivery brokerage. Less liquidity than top 3.
Strategy 1: Batch Trades to Hit Breakeven Earlier: Instead of 10 separate Rs 1,000 trades (each with Rs 20 brokerage + Rs 25 STT = Rs 45 charges), combine to 1 × Rs 10,000 trade (Rs 30 brokerage + Rs 250 STT = Rs 280 total). Per-trade cost drops 40%. Trade 5-10 setups together once daily instead of throughout day.
Strategy 2: Delivery > Intraday for Holding 2+ Days: Intraday STT 0.025% + brokerage rounds to 0.05% total. Delivery STT 0.1% but zero brokerage = 0.1% total + Rs 100-200 fixed charges. At Rs 50,000 trade: Intraday Rs 25 charges, Delivery Rs 500-550 STT. But holding 3+ days, intraday loses 0.05% daily = 0.15% vs delivery 0.1% one-time. Breakeven: 2-day hold.
Strategy 3: Know Which Leg Your Charges Sit On: A 1-lot Nifty future carries about Rs 14.6 lakh of notional (65 units at ~22,400) for the same flat Rs 20 brokerage, so brokerage is only 0.0014% of the trade. The real cost is STT at 0.05% of notional on the sell side — about Rs 728 — making a round trip roughly Rs 800. A 1-lot call at Rs 200 premium is a Rs 13,000 outlay where STT applies to the premium, not the notional: about Rs 20, and a round trip near Rs 78. Options are far cheaper to enter and exit; futures only justify their cost on larger moves. On one lot a 50-point move is Rs 3,250 and clears the charges comfortably, while a 10-point move is Rs 650 and does not.
Strategy 4: Choose NSE over BSE for F&O: NSE futures transaction charge 0.00183%, BSE charges nothing but NSE is faster, more liquid (better execution = lower slippage). Slippage difference (Rs 5-10 per trade) > exchange fee difference (Rs 1-2). NSE better for frequent traders.
Strategy 5: Track Charge Impact on Win Rate: If your average trade profit = Rs 300 and charges = Rs 50 per trade, you need 17% win rate just to break even (vs 14% without charges). Track charges month-wise. If charges > 10% of profits, switch brokers. If charges < 5% of profits, focus on strategy not broker-shopping.
Intraday Equity:Best if you trade same stock 3-5x/week with avg trade value Rs 5,000+. Charges ~0.05% round-trip. Profit potential needs to justify daily research. Breakeven move: Rs 2-3 per share at Rs 100. Unsuitable: Low trade frequency (<3x/month) = high cost per trade.
Delivery (Long-term Hold 3+ Months): Zero brokerage = 0.1% STT cost is rock-bottom. Best cost structure. Hold Rs 50,000 → only Rs 500 STT (one-time). No other charges. Perfect for SIP mindset into stocks. Downside: Can't exit quickly (STT 0.1% on sell too = 0.2% round-trip cost).
F&O Futures (Directional Bets 1-7 Days): Rs 20 flat brokerage regardless of notional (brilliant for large notionals). Nifty 1-lot = about Rs 14.6 lakh notional (65 units at ~22,400), so Rs 20 brokerage is just 0.0014%. The cost that matters is STT at 0.05% on the sell side — about Rs 728 — so a round trip runs near Rs 800. Good for intraday where you make 100+ point moves (100 points on one lot = Rs 6,500 >> ~Rs 800 charges). Unsuitable: directional bets expecting 10-20 point moves only, where Rs 650-1,300 of gain barely covers the charges.
F&O Options (Premium Decay Plays 1-30 Days): Rs 20 per order brokerage + 0.15% STT on premium. If buying 1-lot Nifty 22400 Call at Rs 200 premium → the outlay is Rs 13,000 (65 units). Entry costs Rs 20 brokerage plus exchange and GST; STT of 0.15% applies on the premium when you sell, about Rs 20. A full round trip is roughly Rs 78, or 0.6% of the outlay, so the premium only has to rise about Rs 1.20 to break even on charges. The real enemy is theta, not brokerage: time decay costs far more than the 0.6% round-trip cost.
MTF (Margin Trading): Cost: Rs 20 brokerage + interest on 75% funded portion (14.6% p.a. = 0.04% per day). 10-day hold on Rs 4L trade (₹3L funded) = Rs 120 interest + Rs 20 brokerage = Rs 140 = 0.035% cost. Only makes sense if you expect 1-2% move within hold period AND need leverage (can't afford full Rs 4L). Better: Save up and use delivery instead.
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For intraday equity trades, brokerage is charged at 0.03% of the trade value or ₹20 per executed order, whichever is lower (Zerodha flat-fee model). Additional statutory charges include STT (0.025% on sell side), exchange transaction charges, GST at 18% on brokerage, SEBI charges of ₹10 per crore, and stamp duty at 0.003% on buy side.
Under Zerodha's pricing model, delivery equity trades are completely free — zero brokerage. However, STT is higher at 0.1% on both buy and sell sides, stamp duty is 0.015% on buy value, and exchange transaction charges and SEBI fees still apply.
For F&O Futures, Zerodha charges 0.03% or ₹20 per order (whichever is lower). For F&O Options, brokerage is a flat ₹20 per order (₹40 round trip). STT was increased in 2024 — futures STT is 0.05% on sell side, options STT is 0.15% on sell premium. Exchange transaction charges differ for NSE vs BSE.
Points to breakeven shows how many price points the stock/contract must move in your favour just to cover all charges. If total charges are ₹200 and you traded 100 shares, the breakeven movement is 2 points (₹2 per share). Any gain beyond this is your actual profit.
MTF lets you buy stocks with broker funding (typically 25% margin + 75% funded). Zerodha charges 0.3% or ₹20 per order brokerage, plus interest of 0.04% per day (14.6% annualised) on the funded portion. So a ₹4L trade held 30 days at 25% margin = ₹3L funded × 0.04% × 30 days = ₹3,600 interest, on top of regular delivery charges (STT, exchange, stamp duty).
For equity (intraday and delivery), NSE charges 0.00307% and BSE charges 0.00375% of turnover. For futures, NSE is 0.00183% — BSE charges nothing for futures. For options, NSE charges 0.03553% of premium turnover vs BSE's 0.0325%. NSE is generally cheaper for derivatives trading.
Currency has NO STT/CTT (govt tax) — only brokerage (0.03% or ₹20 lower for futures, flat ₹20 for options), exchange charges (NSE 0.00035% futures / 0.0311% options), SEBI, stamp duty (0.0001%) and 18% GST. Commodities on MCX have CTT (0.01% futures, 0.05% options sell side) plus MCX charges (0.0021% futures, 0.0418% options) and standard brokerage/GST.
For an intraday trade, total charges = Brokerage (0.03% or Rs 20 per order lower) + STT on sell (0.025% of sell price × quantity) + Exchange transaction charges (0.00335% turnover) + SEBI turnover fee (0.0001%) + Stamp duty (0.003% on buy) + GST 18% on brokerage only. Use our intraday brokerage calculator to enter your buy/sell price and quantity, and it instantly shows all charges and net profit/loss. This prevents surprise charges after trading.
Zerodha charges: Intraday equity - 0.03% or Rs 20 whichever is lower. Delivery equity - zero brokerage. F&O - Rs 20 flat per order. Plus STT (0.025% intraday, 0.1% delivery on sell), exchange fees (0.00335%), SEBI turnover fee (0.0001%), and 18% GST on brokerage. The brokerage calculator computes total charges for any Zerodha trade.
Commodity trading (gold, crude oil, natural gas on MCX) has brokerage typically at 0.03% or Rs 20-30 per contract for futures. CTT (Commodity Transaction Tax) replaces STT: 0.01% on sell for futures, 0.05% on sell for options. Commodity exchanges charge 0.002-0.005% turnover fees. Total commodity trading cost is typically 0.15-0.25% round-trip vs 0.1-0.15% for equity delivery. Use the commodity option in the brokerage calculator for exact MCX charges.
STT (Securities Transaction Tax) is a government tax on every equity transaction. Rates: Delivery buy and sell = 0.1% each. Intraday sell = 0.025%. F&O Options sell = 0.1% on premium. F&O Futures sell = 0.02% on price. STT is deducted at source by the broker and visible in your contract note. It is not deductible as a business expense for retail investors.
For an intraday trade at Rs 100/share, breakeven = buy price plus (total charges divided by quantity). With typical charges of 0.05-0.07% round-trip, you need the stock to move at least Rs 0.05-0.07 per share just to break even. The brokerage calculator shows the exact breakeven price for your specific trade size and quantity.
F&O brokerage is typically Rs 20 flat vs percentage for equity delivery, so F&O is cheaper for large trades. But F&O has additional STT on options at 0.1% of premium - which can be 10-20% of the premium value for OTM options. The overall charge-to-profit ratio depends on the option premium, quantity and whether the option expires worthless.
Latest rates after the 2024 STT hike on F&O. NSE / BSE differ for some segments.
| Charge | Intraday | Delivery | F&O Fut | F&O Opt | Cur Fut | Cur Opt | Com Fut | Com Opt | MTF |
|---|---|---|---|---|---|---|---|---|---|
| Brokerage | 0.03% or ₹20 | Zero | 0.03% or ₹20 | ₹20/order | 0.03% or ₹20 | ₹20/order | 0.03% or ₹20 | ₹20/order | 0.3% or ₹20 |
| STT/CTT | 0.025% sell | 0.1% both | 0.05% sell | 0.15% sell prem | None | None | 0.01% sell | 0.05% sell | 0.1% both |
| Exch (NSE) | 0.00307% | 0.00307% | 0.00183% | 0.03553% | 0.00035% | 0.0311% | — | — | 0.00307% |
| Exch (BSE) | 0.00375% | 0.00375% | 0% | 0.0325% | 0.00045% | 0.001% | — | — | 0.00375% |
| Exch (MCX) | — | — | — | — | — | — | 0.0021% | 0.0418% | — |
| GST | 18% on brokerage + exch + SEBI (+ interest for MTF) | ||||||||
| SEBI | ₹10 / crore turnover (all segments) | ||||||||
| Stamp Duty | 0.003% buy | 0.015% buy | 0.002% buy | 0.003% buy | 0.0001% buy | 0.0001% buy | 0.002% buy | 0.003% buy | 0.015% buy |
| Interest | — | — | — | — | — | — | — | — | 14.6% p.a. on 75% funded |
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