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The cost of share trading with Zerodha (Zerodha Brokerage Calculator)

Posted on 8/15/2014 9:30:41 AM by Chittorgarh.com Team
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Zerodha is an India based discount broker. Zerodha is the cheapest stock broker providing services in Share, Commodity and Currency Trading at BSE, NSE and MCX exchanges.

Like other popular stock brokers including ICICI Direct, Sharekhan, RK Global etc, Zerodha is a genuine licensed broker registered with SEBI, BSE, NSE, MCX, CDSL and NSDL.

Note: This is an extension article of Zerodha Online Stock Broker Detail.

This article talks about cost of trading with Zerodha (Zerodha tax per transaction). The below tables provide exact amount of brokerage and fees you will pay while trading with Zerodha. The example shows the total cost of 2 sample trader performed with Zerodha.

Brokerage, Taxes and other Charges on Stock / Commodity Exchange Transactions

Before we go ahead with the detail, I would like to discuss about the standard charges (or miscellaneous charges) other than brokerage for stock exchange transactions. These charges are common for all the brokers and not specific to Zerodha, except few which are location (state) based charges.

  1. Brokerage - The commission charged by broker to execute the trades for investor. Brokerage varies from broker to broker and by trading segments.
  2. Securities Transaction Tax (STT) - A tax which is being paid for buying or selling of securities. The STT is various by the transaction type i.e.
    • Equity Delivery - 0.10% on both Buy & Sell
    • Stock Delivery - 0.1% on both Buy and Sell
    • Stock Intraday - 0.025% on the Sell Side
    • Stock Futures - 0.01% on Sell Side
    • Stock Options - 0.017% on Sell Side(on Premium)
    • Currency Futures - No STT
    • Currency Options - No STT
    • Commodity - 0.01% on Sell Side (Non-Agri)
  3. Transaction / Turnover Charges - Some brokers call it Transaction Charges and others call it Turnover Charges. This tax also various by the type of transaction i.e. Rs 325 per Crore (0.00325%) for stock delivery, intraday & futures trading at NSE and Rs 2500 per Crore (0.0025%) on premium of Options trading.
  4. Service Tax (ST) - Service Tax (ST) is charged at 12.00% on total value of brokerage (or commission). It is applicable for both sale and purchase of the securities where brokerage is paid.
  5. Education Cess - It is another tax which is charged at 2% of Service Tax paid.
  6. Higher Education Cess - HEC is charged at 1% of Service Tax paid.
  7. SEBI Charges - 0.0002% (or Rs. 20 per crore) of the price at which the securities are purchased or sold.
  8. *** Stamp Charges - Stamp duty is charged under schedule 1 to the Indian stamp act for contracts shared with customer in any format including paper or electronic. The amount charged various by state from where the broker operates and where you resides.

Please Note:

  • Contract notes are prepared each day.
  • Separate contract notes are sent for different truncation type i.e. one contract note for Equity (delivery+intraday), another contract note for Futures & Options and another for Commodities.
  • Contract Notes from some broker shows service tax (ST) inclusive of Education Cess and Higher Education Cess. i.e. Current ST is 12% of total brokerage, Education Cess is 2% of ST and Higher Education Cess is 1% of ST. ICICIDirect charges Service Tax (ST) as 12.36% on total value of brokerage and do not charge Education Cess and Higher Education Cess separately.
  • All calculations are done up to 4 digits after the decimal points.

Zerodha Enquiry

Below tables shows the detailed calculation of brokerages, fees and taxes charged by Zerodha for various segments including equity delivery, equity intraday, Futures and Options:

  1. Equity Delivery Brokerage & Taxes with Zerodha (BSE, NSE)

      Charges / Fees / Taxes Example 1 Example 2
    Transaction   Purchased 10 shares of Rs 100 Sold 500 shares of Rs 1146
    Turnover   1000.0000 573000.0000
    Brokerage 0.10% or Rs 20/Trade whichever is lower 1.0000 20.0000
    Securities Transaction Tax (STT) 0.10% on both Buy and Sell 1.0000 573.0000
    Transaction / Turnover Charges (BSE, NSE) 0.00325% (or 325/crore) 0.0325 18.6225
    Service Tax (ST) 12% on Brokerage + Transaction Charge 0.1239 4.6347
    Education Cess 2% of Service Tax 0.0025 0.0927
    Higher Education Cess 1% of Service Tax 0.0012 0.0463
    SEBI Charges 0.0002% (or 20 Rs/Crore) 0.0020 1.1460
    Stamp Charges 0.01% subject to a maximum of Rs 50 *** ***
    Total Charges   Rs 2.1621 Rs 617.5422
  2. Equity Intraday Brokerage & Taxes with Zerodha (BSE, NSE)

      Charges / Fees / Taxes Example 1 Example 2
    Transaction   Purchased 10 shares at Rs 100 and sold them at Rs 115 Purchased 500 shares at Rs 1140 and sold them at Rs 1146
    Turnover - Buy   1000.0000 570000.0000
    Turnover - Sell   1150.0000 573000.0000
    Brokerage 0.01% or Rs 20/Trade whichever is lower 0.2150 40.0000
    Securities Transaction Tax (STT) 0.025% on the Sell Side 0.2875 143.2500
    Transaction / Turnover Charges (BSE, NSE) 0.00325% (or 325/crore) 0.0699 37.1475
    Service Tax (ST) 12% on Brokerage + Transaction Charge 0.0342 9.2577
    Education Cess 2% of Service Tax 0.0007 0.1852
    Higher Education Cess 1% of Service Tax 0.0003 0.0926
    SEBI Charges 0.0002% (or 20 Rs/Crore) 0.0043 2.2860
    Stamp Charges 0.01% subject to a maximum of Rs 50 *** ***
    Total Charges   Rs 0.6119 Rs 232.2189
  3. NSE Equity Futures Brokerage and Taxes with Zerodha

      Charges / Fees / Taxes Example 1 Example 2
    Transaction   Purchased 50 shares (1 lot) at Rs 3610 Sold 250 shares (5 lots) at Rs 3610
    Turnover   180500.0000 902500.0000
    Brokerage 0.01% or Rs 20/Trade whichever is lower 18.0500 20.0000
    Securities Transaction Tax (STT) 0.01% on Sell Side 0.0000 90.2500
    NSE - Transaction / Turnover Charges 0.0021% (or 210/crore) 3.7905 18.9525
    Service Tax (ST) 12% on Brokerage + Transaction Charge 2.6209 4.6743
    Education Cess 2% of Service Tax 0.0524 0.0935
    Higher Education Cess 1% of Service Tax 0.0262 0.0467
    SEBI Charges 0.0002% (or 20 Rs/Crore) 0.3610 1.8050
    Stamp Charges 0.01% subject to a maximum of Rs 50 *** ***
    Total Charges   Rs 24.9010 Rs 135.8220
  4. BSE Futures Brokerage and Taxes with Zerodha

      Charges / Fees / Taxes Example 1 Example 2
    Transaction   Purchased 50 shares (1 lot) at Rs 3610 Sold 250 shares (5 lot) at Rs 3610
    Turnover   180500.0000 902500.0000
    Brokerage 0.01% or Rs 20/Trade whichever is lower 18.0500 20.0000
    Securities Transaction Tax (STT) 0.01% on Sell Side 0.0000 90.2500
    Transaction / Turnover Charges BSE: 0.0007% (or 70/crore) 1.2635 6.3175
    Service Tax (ST) 12% on Brokerage + Transaction Charge 2.3176 3.1581
    Education Cess 2% of Service Tax 0.0464 0.0632
    Higher Education Cess 1% of Service Tax 0.0232 0.0316
    SEBI Charges 0.0002% (or 20 Rs/Crore) 0.3610 1.8050
    Stamp Charges 0.01% subject to a maximum of Rs 50 *** ***
    Total Charges   Rs 22.0616 Rs 121.6253
  5. NSE Options Brokerage and Taxes with Zerodha

      Charges / Fees / Taxes Example 1 Example 2
    Transaction   Buy 1 lot (50 shares) NIFTY 3100 strike price by paying 80 premium Sell 5 lot (250 shares) NIFTY 3200 strike price by paying 80 premium
    Turnover   159000.0000 820000.0000
    Premium   4000.0000 20000.0000
    Brokerage 0.01% or Rs. 20/Trade whichever is lower (on Turnover) 15.9000 20.0000
    Securities Transaction Tax (STT) 0.017% on Sell Side (on Premium) 0.0000 3.4000
    Transaction / Turnover Charges 0.0530% (or 5300/crore) (on premium) 2.1200 10.6000
    Service Tax (ST) 12% on Brokerage + Transaction Charge 2.1624 3.6720
    Education Cess 2% of Service Tax 0.0432 0.0734
    Higher Education Cess 1% of Service Tax 0.0216 0.0367
    SEBI Charges 0.0002% (or 20 Rs/Crore) 0.3180 1.6400
    Stamp Charges 0.01% subject to a maximum of Rs 50 *** ***
    Total Charges   Rs 20.5653 Rs 39.4222
  6. BSE Options Brokerage and Taxes with Zerodha

      Charges / Fees / Taxes Example 1 Example 2
    Transaction   Buy 1 lot (50 shares) NIFTY 3100 strike price by paying 80 premium Sell 5 lot (250 shares) NIFTY 3200 strike price by paying 80 premium
    Turnover   159000.0000 820000.0000
    Premium   4000.0000 20000.0000
    Brokerage 0.01% or Rs. 20/Trade whichever is lower (on Turnover) 15.9000 20.0000
    Securities Transaction Tax (STT) 0.017% on Sell Side (on Premium) 0.0000 3.4000
    Transaction / Turnover Charges 0.0025% (or 250/crore) (on premium) 0.1000 0.5000
    Service Tax (ST) 12% on Brokerage + Transaction Charge 1.9200 2.4600
    Education Cess 2% of Service Tax 0.0384 0.0492
    Higher Education Cess 1% of Service Tax 0.0192 0.0246
    SEBI Charges 0.0002% (or 20 Rs/Crore) 0.3180 1.6400
    Stamp Charges 0.01% subject to a maximum of Rs 50 *** ***
    Total Charges   Rs 18.2956 Rs 28.0738

 

How is Zerodha Broker?

If you are a day trader, trade multiple times in a day, we recommend you to try their services once and see the kind of money you can save with them. There may be a learning curve and setup hassles of couple of weeks but within a month you will see the huge benefits. We have observed saving of 50% to 90% in the brokerage fees investor pays.

Contact Zerodha team to discuss the services offered and how you can get benefited from this.

Save Rs 100 on Account Opening Fees with Zerodha (Special offer for our visitors)

Rs 100 discount on account opening with Zerodha for Chittorgarh.com visitors. To avail the discount leave your contact information with us and Zerodha representatives will call you.

 

 

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User Comments

   
17.  Manish      Mar 01, 2014 4:54:06 PM IST
hello all
i am associated with Zerodha since last 3 months i have very good experience with zerodha specialy low brokerage plans ,i can earn more profit ,customer service is very good , i will suggest to all investor who are trading in Intra day or delivery go ahead with zerodha for earn good profit  
16.  P.V. Subramanian      Jan 27, 2014 11:41:47 AM IST
Without taking into calculation the charges for demat account, we cannot compare Zerodha with icici or SBI. I would like to have an example inclusive of demat charges  
15.  ASHOK      May 17, 2013 2:23:50 PM IST
For commodity peoples: , stamping charges high, if we add brokerage and stamping charges, then it comes to 0.02% and turnover charges Rs.490 per crore, i think Zerodha is not good.......They say Brokerage as .01%, but totally it comes to .025%. Its my view...anybody can support me.... 
14.  AJIT      Apr 30, 2013 7:52:50 AM IST
i WOULD LIKE TO KNOW IF ZERODHA IS HAVING OFFICE IN MUMBAI. 
13.  Ashutosh      Apr 24, 2013 4:49:52 PM IST
Hi

Currently I am associated with Fullerton securities since 5 years. Now Fullerton is closing its operations and asked their customers to either shift to Edelweiss or open a new Demat a/c for transfer of stocks. Kindly recommend me which AMC will be best for me.

Fullerton is providing me both online and offline facility to me. I am more comfortable with online but need both. I intending to shift to reliable and trustworthy AMC with excellant customer support. I have to take my decision before 10th May as Fullerton is closing its operations on 23rd May 2013.

I really appreciate your honest and sincere recommendation on the same.

Thanks & Regards


Ashutosh Jain
 
12.  noorulla      Mar 20, 2013 7:26:45 PM IST
hi
i wanted to open a account in zerodha currently i had a account in reliance capital what is the procedure to open the account and another thing what is charging platform for sell and buy please send me the details to my email id
thanks 
11.  Pawan      Jan 25, 2013 10:36:21 PM IST
i am holding zerodha account ... all other delivery) and contract note says rs 1.0 stamp charge which is too much. 
10.  suman kumar jha      Jan 14, 2013 10:33:14 AM IST
i want to know stamp duty and demat account charge for trade in commodity with zerodha. 
9.  DEVADOSS E      Oct 27, 2012 3:50:12 PM IST
Dear Zerodha !

Currently, I am using the Edelweiss platform for trading. I hold more than 20 scrips ( mostly on the negative side ) valued @ Rs 12.8 lakhs / Rs 14.5 lakhs invested ! Of these he major chunk is with Tata Motors ( 1430 shares @ Rs 286.2 ) , Tata Steel ( 375 shares @ Rs 470.4) , Bank of Baroda ( 100 shares @Rs 852.5) and PNB ( 100 shares @ Rs 1024.5 ) . I would like to transfer them to your platform at the earliest ! Will you pl let me know how do I go ahead. I would like to apply for membership ONLINE .

Kindly send a copy of your kind response to my Inbox at " Email "

Devadoss E 
8.  karan      Oct 27, 2012 1:18:56 PM IST
Charges for Failed Transaction is Rs. 50.
What is that? 
7.  Chittorgarh.com Team      Oct 24, 2012 12:34:58 PM IST
Hello Jayanta,

1. The detail of Zerodha Stamp Changes is provided in point number 8 "*** Stamp Charges" above.

2. You can find Zerodha Demat related charges at:

http://www.chittorgarh.com/article/zerodha_vs_compositedge_brokerage_fee_comparision/6/

Hope this will help.
 
6.  Jayanta      Oct 19, 2012 11:11:09 PM IST
very useful. but the spaces for stamp charges are blank. what is the charge? also pls tell me whether there are any other charges related to de-materialisation and re-materialisation. i m not and expert and dont know everything about trading. but i have gone through a link provided by this site and there was something de-materialisation and re-materialisation charges as follows.......................
Inter Depository Transfer::
a. Buy (Receive): NIL
b. Sell(Debit): Rs 8 + NSDL Rs 5) flat for every debit transaction
Demat (Per certificate): Rs 2 + Rs 35 as courier charges
Remat (Per ISIN): Rs 25 per certificate or 0.5% of the value whichever is higher + Rs 9 (depository charges)
Courier charges per Demat/ Remat request: Rs 35
Pledge per ISIN: 0.02% of the transation depository charges)
Unpledge per ISIN: 0.02% of the transation depository charges)
Pledge Invocation per ISIN: 0.05% of the transation depository charges)
i could not understand......so someone pls explain it and make it clear....... 
5.  mohan      Aug 17, 2012 8:56:26 PM IST
charges less 
4.  Samson Samuel      Aug 02, 2012 6:00:30 PM IST
Please give me the contact details of Zerodha in Kerala state
 
3.  manish prajapati      Jun 24, 2012 12:14:39 AM IST
plese send me contect no. or address of zerodha in ahmedabad city(gujarat) and Is zerodha provide customer services in gujarati language? 
2.  GOPAL AGRAWAL      Jun 19, 2012 4:53:01 PM IST
I Want to know more about your company 
1.  Kapil      May 31, 2012 1:31:45 PM IST
Nice detail.

Can anyone who used there services comment on how they are? 


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