Brokerage Calculator (India)
Compare what a trade actually costs across Zerodha, Dhan, Upstox, Groww and Angel One — total charges and net profit/loss side by side, with the full STT, GST, exchange, SEBI and stamp-duty breakup. Equity delivery, intraday and F&O, at current FY 2026-27 rates.
Turnover
₹2,01,000.00
Gross P&L
₹1,000.00
Best broker (lowest charges)
Zerodha
Net P&L by broker (cheapest first)
| Broker | Brokerage | Total charges | Net P&L |
|---|---|---|---|
| ZerodhaCheapest | ₹40.00 | ₹82.48 | ₹917.52 |
| Dhan | ₹40.00 | ₹82.48 | ₹917.52 |
| Upstox | ₹40.00 | ₹82.48 | ₹917.52 |
| Groww | ₹40.00 | ₹82.48 | ₹917.52 |
| Angel One | ₹40.00 | ₹82.48 | ₹917.52 |
STT, exchange, SEBI & stamp duty are statutory — identical for every broker. Brokers differ only on brokerage and demat (DP) charges.
Full charge breakdown — Zerodha
| Brokerage (both legs) | ₹40.00 |
| STT / CTT | ₹25.00 |
| Exchange transaction charge | ₹5.97 |
| SEBI turnover fee | ₹0.20 |
| GST (18%) | ₹8.31 |
| Stamp duty | ₹3.00 |
| Total charges | ₹82.48 |
| Net P&L | ₹917.52 |
Statutory rates are FY 2026-27 (post 1-Apr-2026 STT revision); brokerage reflects each broker's published standard plan and excludes promotional offers. Figures are estimates — verify on the broker's own calculator before trading. TopOpenTools is not a SEBI-registered investment adviser; this tool is for information only.
Frequently Asked Questions
Which broker is cheapest?
It depends on the trade. For equity delivery, Zerodha and Dhan charge ₹0 brokerage while Groww, Upstox and Angel One charge up to ₹20 per order — so the zero-delivery brokers are usually cheapest there. For intraday and F&O everyone caps brokerage at ₹20/order, so net P&L is nearly identical and the small differences come from each broker’s demat (DP) charge. The table sorts brokers by total charges and flags the cheapest for your exact inputs.
What charges are included?
Brokerage, STT/CTT, exchange transaction charges (NSE/BSE), SEBI turnover fee, 18% GST, stamp duty, and the demat (DP) charge on delivery sells. STT, exchange, SEBI and stamp duty are statutory and identical across brokers; only brokerage and DP differ.
Are the rates current?
Yes — statutory rates reflect FY 2026-27, including the 1 April 2026 STT revision (equity futures 0.05% and options 0.15% on the sell side). Brokerage reflects each broker’s standard published plan. Always confirm on the broker’s own page before trading.
Why is STT so high on options?
Equity-options STT is charged at 0.15% of the premium on the sell side (raised from 0.10% on 1 April 2026), and on the full intrinsic value if an option is exercised. On large-premium or exercised positions this can dwarf the ₹20 brokerage, which is why net-of-cost matters.
Is this investment advice?
No. This is a deterministic charges calculator for information only. TopOpenTools is not a SEBI-registered investment adviser and does not recommend any broker or trade.
Understanding the Brokerage Calculator (India)
The Brokerage Calculator compares what a trade actually costs across India's top discount brokers — Zerodha, Dhan, Upstox, Groww and Angel One — and shows your net profit or loss after every charge. Enter the buy price, sell price and quantity for an equity delivery, intraday, futures or options trade, and it computes the brokerage plus all statutory levies — STT/CTT, NSE/BSE exchange transaction charges, the SEBI turnover fee, 18% GST, stamp duty and the demat (DP) charge — then ranks the brokers from cheapest to costliest. Because STT, exchange, SEBI and stamp duty are set by the government and exchanges, they are identical everywhere; the only real differences are each broker's brokerage and DP charge. Everything runs locally in your browser at current FY 2026-27 rates.
How it works
For each leg of the trade the tool applies the broker's brokerage rule — for example Zerodha and Dhan charge ₹0 on equity delivery, while intraday and F&O are capped at the lower of a small percentage or ₹20 per executed order. It then layers the statutory charges: STT (0.1% on both sides for delivery, 0.025% on the intraday sell, 0.05% on the futures sell, and 0.15% of premium on the options sell for FY 2026-27), exchange transaction charges on turnover, the SEBI fee of ₹10 per crore, 18% GST on brokerage plus exchange and SEBI fees, stamp duty on the buy side, and a per-scrip demat (DP) charge on delivery sells. Total charges are subtracted from your gross P&L to give net P&L, and the five brokers are sorted cheapest-first. Results update live as you change any input.
Worked example
Buy 100 shares at ₹1,000 and sell at ₹1,010 intraday on NSE (turnover ₹2,01,000). Brokerage is ₹20 per leg = ₹40; STT 0.025% on the ₹1,01,000 sell = ₹25; exchange charge ≈ ₹5.97; SEBI ₹0.20; GST 18% on (40 + 5.97 + 0.20) = ₹8.31; stamp duty 0.003% on the ₹1,00,000 buy = ₹3. Total charges ₹82.48, so on a ₹1,000 gross profit your net is ₹917.52 with Zerodha or Dhan. Switch to delivery and the zero-brokerage brokers pull further ahead, because Groww, Upstox and Angel One add up to ₹20 per order.
Tips & common mistakes
- For delivery, Zerodha and Dhan charge ₹0 brokerage — Groww, Upstox and Angel One charge up to ₹20 per order, so they cost more on the same trade.
- For intraday and F&O every broker caps brokerage at ₹20 per order, so net P&L is nearly identical; the tiny gaps come from each broker's demat (DP) charge.
- Options STT is charged on the premium on the sell side (0.15% from 1 April 2026) and on intrinsic value if the option is exercised — it can exceed the brokerage on large positions.
- Stamp duty is a buy-side-only charge, and DP charges apply only when you sell delivery holdings — never on intraday or F&O.
- Always confirm the final number on your broker's own calculator before trading, since promotional plans and demat-charge markups can vary.
Sources & methodology
- • Zerodha — Charges and brokerage calculator (zerodha.com/charges, zerodha.com/brokerage-calculator)
- • NSE/BSE exchange transaction charge and SEBI turnover-fee circulars
- • Budget 2026-27 STT revision effective 1 April 2026 (equity futures 0.05%, options 0.15% on premium)
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Built and maintained by TopOpenTools · Last updated June 2026. These tools provide general estimates for educational purposes only and are not financial, tax, insurance, investment, or medical advice. Verify important decisions with a qualified professional.