The cost of intraday trading includes brokerage, securities transaction tax (STT), goods and services tax (GST), SEBI turnover charges, transaction charges and stamp duty:
- Brokerage: Brokers typically charge a fee of 0.01% to 0.05% of the total trade value. Discount brokers often impose a flat fee per order.
- STT: This tax on the selling leg of an intraday trade amounts to 0.025% of the transaction value.
- GST: A tax is applied to the total value of intraday transactions, set at 18% of the brokerage plus transaction costs.
- SEBI turnover fees: These fees are Rs. 15 for each Rs. 1 crore of transactions.
- Transaction fees: The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) charge fees on each transaction.
- Stamp duty is determined by state governments, for example, in Maharashtra, it is 0.002% of the transaction amount.
