Brokerage Calculator, Intraday vs Delivery, Every Charge Itemised
See exactly where every rupee of your trading cost goes, brokerage, STT, exchange, GST, SEBI, stamp duty and DP charges, compared side by side for intraday and delivery, with your net profit after charges and the breakeven the stock must clear.
Full Charge Breakdown and Net Profit After Costs
Enter your trade and broker to see the complete charge stack for both segments, your real net profit, and the breakeven move.
Why Your Trade Costs More Than the Brokerage
When people talk about the cost of trading shares, they usually mean the brokerage, the fee the broker charges to execute the order. But brokerage is only one part, and often a small one, of what a trade actually costs. Every equity trade on the Indian stock market carries a stack of seven distinct charges, most of them statutory, and together they can eat into your profit far more than the brokerage alone suggests. Understanding this full stack is the difference between thinking you made a profit and actually making one.
The charges are: the brokerage itself, which varies by broker; the Securities Transaction Tax, or STT, a government tax on the trade; the exchange transaction charge levied by the NSE or BSE; GST at 18 per cent; the SEBI turnover fee; stamp duty; and, for delivery trades, the DP charge when you sell shares from your demat account. Some of these are the same for every broker, because they are set by the government or the exchange, and only the brokerage genuinely differs between brokers. So comparing brokers on brokerage alone, while ignoring the statutory charges that dominate, misses most of the picture.
The single largest charge for most equity trades is usually the STT, not the brokerage. On a delivery trade, STT is charged at 0.1 per cent on both the buy and the sell, so on a large trade it can dwarf a discount broker’s zero or twenty rupee brokerage. Crucially, STT is charged on the value of the trade, not on your profit, which means you pay it even when the trade loses money. Many new traders, accustomed to thinking costs come out of profits, are surprised to find charges levied on a loss-making trade.
This calculator itemises every one of these charges for your specific trade, for both intraday and delivery, so you can see exactly where your money goes rather than trusting a single opaque total. It then shows your net profit after all charges, which is your real result, and the breakeven, how far the stock must move just to cover the costs before you make any real gain. Seeing the full picture changes how you trade: it discourages tiny, frequent trades where charges are a heavy percentage, and it reveals which segment, intraday or delivery, is cheaper for what you are doing.
The Seven Charges, and the GST Myth
Let us go through the stack. Brokerage is the broker’s own commission. Discount brokers like Zerodha, Groww and Angel One typically charge nothing on delivery and a flat twenty rupees per order, or a small percentage if lower, on intraday and F&O. Full-service brokers charge a percentage, often 0.3 to 0.5 per cent, which on a large trade is far more. STT, the Securities Transaction Tax, is 0.1 per cent on both sides for delivery, 0.025 per cent on the sell side only for intraday, and higher rates on the sell side for futures and options. The exchange transaction charge is a small percentage of turnover levied by the NSE or BSE for using their platform, applied on both buy and sell.
The SEBI turnover fee is tiny, ten rupees per crore of turnover, effectively 0.0001 per cent, but it applies to every trade. Stamp duty is a state charge levied only on the buy side, at 0.015 per cent for delivery and 0.003 per cent for intraday, standardised across India since 2020. And the DP charge, or depository participant charge, is a flat fee of around fifteen rupees per scrip, levied only when you sell shares from your demat account, so it applies to delivery sells but never to intraday or futures, where no shares actually leave your demat.
Now the misconception that trips up almost every beginner: GST. The 18 per cent GST is not charged on the value of your trade, and it is not charged on the STT or the stamp duty. It is charged only on the brokerage plus the exchange transaction charge and the SEBI fee. This matters enormously, because it means GST is usually a very small amount, calculated on a small base, not 18 per cent of your trade or of the taxes. A trader who assumes GST applies to the whole trade value would drastically overestimate their costs; one who forgets it entirely underestimates slightly. This calculator applies GST to precisely the correct base, so the figure is right.
The comparison the tool is built around, intraday versus delivery, comes down mostly to STT and the DP charge. Intraday has much lower STT, a quarter of the rate and on one side only, and no DP charge at all, so per trade its statutory cost is lower. But intraday also tempts frequent trading, and every round trip incurs the full stack again, so an active intraday trader can pay these lower per-trade charges many times over. Delivery has higher STT and a DP charge, but if you hold for the long term you incur the stack only once. So which is cheaper depends not just on the per-trade figures the tool shows, but on how often you trade, which is why the breakeven and the itemised view together are more useful than any single verdict.
How the Calculation Works
The tool computes the full charge stack for both segments in four steps.
Step one: turnover and brokerage
It computes your buy-side and sell-side turnover from the price and quantity, then applies your selected broker’s brokerage model, zero, a flat per-order fee capped against a percentage, or a straight percentage, to each side. Statutory charges that follow are the same whichever broker you choose; only this brokerage figure changes.
Step two: the statutory charges
It applies the correct STT for the segment, both sides at 0.1 per cent for delivery, sell-side only at 0.025 per cent for intraday, the exchange transaction charge on total turnover, the SEBI turnover fee, and stamp duty on the buy side at the segment’s rate. For delivery it adds the flat DP charge on the sell; for intraday it does not, since no shares leave your demat.
Step three: GST on the right base
It calculates the 18 per cent GST on the correct base, the brokerage plus the exchange and SEBI charges only, never on the trade value, the STT or the stamp duty. This is the step most calculators and most traders get wrong, and getting it right is why the tool’s totals are accurate rather than inflated.
Step four: net profit and breakeven
Finally it sums all charges, subtracts them from your gross profit to give your real net profit after costs, and computes the breakeven, the total charges expressed as a price move per share and as a percentage of your buy value, so you see exactly how far the stock must move just to cover costs before you make a rupee. It presents delivery and intraday side by side so you can compare them directly.
Trading Charge Rates for 2026
These are the statutory rates the tool uses. They are set by the government, SEBI and the exchanges, so they are the same across all brokers; verify current figures with your broker and the SEBI site.
STT (Securities Transaction Tax)
| Segment | STT rate |
|---|---|
| Equity delivery | 0.1% on both buy and sell |
| Equity intraday | 0.025% on sell side only |
| Futures | 0.02% on sell side |
| Options | 0.1% on sell premium |
The other charges
| Charge | Rate and basis |
|---|---|
| Exchange transaction | About 0.003% of turnover, both sides |
| GST | 18% on brokerage + exchange + SEBI fee only |
| SEBI turnover fee | 10 per crore (0.0001%) of turnover |
| Stamp duty | 0.015% delivery, 0.003% intraday, buy only |
| DP charge | About 15 per scrip, delivery sell only |
Brokerage by broker type
| Broker type | Typical brokerage |
|---|---|
| Discount, delivery | Often zero |
| Discount, intraday and F&O | Flat 20 per order, or 0.03%, lower of |
| Full-service | 0.3% to 0.5% per trade |
Three Worked Examples From Real Traders
Here are three traders seeing where their money really goes.
Vikram sees STT dominate his delivery trade in Mumbai
Vikram, in Mumbai, buys a hundred shares of a large-cap at two thousand five hundred rupees and sells at two thousand six hundred, a hundred rupee gain per share, using a discount broker with zero delivery brokerage. He expected almost no charges, since the brokerage was free. On the tool, he found total charges of around five hundred and sixty rupees, of which over five hundred was STT alone, charged at 0.1 per cent on both his buy and sell turnover, plus a fifteen rupee DP charge and a little stamp duty and GST. His ten thousand rupee gross gain became a net of about nine thousand four hundred after charges. Vikram understood for the first time that zero brokerage does not mean zero cost, and that STT, not brokerage, is the real charge on delivery trades.
Anjali compares intraday and delivery in Bengaluru
Anjali, in Bengaluru, was deciding whether to take a position as intraday or delivery. On the tool, entering the same trade both ways, she saw that intraday had noticeably lower charges: its STT was a quarter of the delivery rate and applied only to the sell, and there was no DP charge. But the tool also made her think about frequency, since as an intraday trader she would take many such trades, each incurring the full stack. She realised that the lower per-trade charge of intraday is easily outweighed by trading often, whereas her delivery holding would incur the charges just once. Anjali chose delivery for her conviction positions and reserved intraday for genuine same-day setups, using the breakeven figure to judge each.
Rohit learns the GST truth in Pune
Rohit, in Pune, had always assumed the 18 per cent GST on his trades applied to the whole trade value, and had been quietly horrified at what he thought he was paying. On the tool, he saw the truth: GST is charged only on the brokerage plus the exchange and SEBI fees, a tiny base, so on his trades the GST was just a few rupees, not 18 per cent of tens of thousands. The itemised breakdown showed him precisely what GST was and was not charged on, correcting a misconception he had held for years. Relieved, Rohit also used the tool to see that his real cost driver was STT and, on small trades, the flat DP charge, and he adjusted his trade sizes accordingly to keep charges a smaller percentage.
Six Tips to Keep Trading Charges Low
Zero brokerage is not zero cost
Even with free delivery brokerage, STT, stamp duty, DP and exchange charges apply. STT alone is usually the biggest charge on a delivery trade.
Trade larger, less often
Flat and fixed charges like DP fees are a heavy percentage on small trades. Fewer, larger trades spread the fixed costs and lower your breakeven.
STT is charged on a loss too
STT is on turnover, not profit, so you pay it even when a trade loses money. Factor it in before entering, not after.
Understand the GST base
GST is only 18% of brokerage plus exchange and SEBI fees, never the trade value or the STT. It is usually a very small amount; do not overestimate it.
Use a discount broker
Statutory charges are the same everywhere, but brokerage is not. A discount broker with zero delivery and flat intraday brokerage saves the most.
Check the breakeven before you trade
Know how far the stock must move just to cover charges. On tiny trades the breakeven can be a large percentage, making quick small profits impossible.
Quick Reference: Trading Charges
| Question | Answer |
|---|---|
| What is the biggest charge? | Usually STT, not brokerage |
| Is STT on profit or turnover? | Turnover, so you pay it even on a loss |
| What is GST charged on? | Brokerage + exchange + SEBI fees only |
| Which is cheaper per trade? | Intraday, lower STT and no DP charge |
| When does the DP charge apply? | Delivery sells only, per scrip |
| Is stamp duty on both sides? | No, buy side only |
Frequently Asked Questions on Trading Charges
What charges apply when I trade shares in India?
What is STT and how much is it?
Is GST charged on the whole trade value?
What is the difference between intraday and delivery charges?
Why do I pay charges even when I make a loss?
What is a DP charge and when does it apply?
What is the breakeven on a trade?
Which broker has the lowest charges?
How can I reduce my trading charges?
Are these charges the same for the NSE and BSE?
Do futures and options have the same charges?
Is stamp duty charged on both buying and selling?
What is the SEBI turnover fee?
Does holding period affect delivery charges?
Are the results from this tool accurate?
Are trading charges tax-deductible against my gains?
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Disclaimer and editorial transparency
This brokerage calculator is a free, independent tool from CalcWise.Finance. It itemises every charge on an equity trade, brokerage, Securities Transaction Tax, exchange transaction charge, GST, SEBI turnover fee, stamp duty and DP charge, for both intraday and delivery, applying the correct rate and basis for each: STT on both sides for delivery and the sell side only for intraday, stamp duty on the buy side only, the DP charge on delivery sells only, and GST at 18 per cent on the brokerage plus exchange and SEBI charges alone, never on the trade value or the taxes. It then shows your net profit after all charges and the breakeven price move.
The calculations use current statutory rates and are accurate for the trade you enter, but several figures vary or change: exchange transaction charges differ slightly between the NSE and BSE and are revised periodically, so the tool uses representative NSE rates; brokerage varies by broker and plan, so the presets are typical rather than exact for your account; and futures and options carry different rates not covered here. Statutory rates including STT and stamp duty can change in Budgets. This tool computes trading charges only; the separate capital gains tax on your profit is a different matter computed at filing and is not included. The tool is for informational and educational use, not investment or tax advice. Verify exact charges against your broker’s contract note, and consult a qualified adviser for investment decisions. Nothing here is financial advice.