Brokerage + all-in charges — what you actually pay.
Every rupee of STT, exchange transaction charge, SEBI turnover fee, stamp duty, GST, and DP charge — for equity delivery, intraday, futures, and options. Uses the post-Oct 2024 STT + NSE fee schedule, verified against Union Budget 2026. See your break-even sell price before you place the order.
Your trade
Zerodha/Upstox/Groww: ₹20 flat for intraday + F&O. Full-service brokers ~0.1–0.5% of turnover — convert to per-order ₹ first.
STT 0.1% of premium on sell · Exchange ₹3,503 per crore of premium · SEBI ₹10 per crore · Stamp 0.003% on buy · GST 18%
To cover all charges on this round-trip you need a sell price of at least ₹121.17 (buy price ₹120.00 → +₹1.17 per unit).
Charges work out to 0.454% of round-trip turnover.
Charge breakdown
- Brokerage · 2 orders
- ₹40.00
- STT (Securities Transaction Tax)· GoI — no GST applies
- ₹7.25
- Exchange transaction charges· NSE/BSE
- ₹4.64
- SEBI turnover fee· ₹10/crore
- ₹0.01
- Stamp duty · buy only· IT Rates Rules 2020
- ₹0.18
- GST · 18% on (brokerage + exch + SEBI)
- ₹8.04
Why break-even matters more than P&L
Retail traders obsess over points gained / lost. Real return is points gained minusthe round-trip cost — which is often surprisingly large, especially on options. On a ₹100 → ₹105 NIFTY option lot (50 qty), the gross is ₹250 but the total charges eat ~₹50–60 even at ₹20 flat brokerage. That's 20–24% of gross. Most scalping strategies fail because nobody modelled the charges.
Delivery equity is the cheapest (~0.05–0.10% all-in). Intraday is middle. Options are the most expensive on a % basis because exchange charges (₹3,503 per crore of premium) are much higher than futures (₹173 per crore of notional).
The actual rate schedule (post-Oct 2024)
| Segment | STT | Exchange | SEBI | Stamp | GST |
|---|---|---|---|---|---|
| Options | 0.1% premium · sell | ₹3,503/Cr of premium | ₹10/Cr | 0.003% · buy | 18% on brk+exch+SEBI |
| Futures | 0.02% · sell | ₹173/Cr of notional | ₹10/Cr | 0.002% · buy | 18% on brk+exch+SEBI |
| Equity intraday | 0.025% · sell | ₹297/Cr | ₹10/Cr | 0.003% · buy | 18% on brk+exch+SEBI |
| Equity delivery | 0.1% · buy + sell | ₹297/Cr | ₹10/Cr | 0.015% · buy | 18% on brk+exch+SEBI |
Sources: Finance (No. 2) Act 2024 + Budget 2026 (STT); NSE Circular NSE/MEM/64/2024 (exchange); SEBI Circular 2023/150 ₹10/Cr from Apr 2025 (SEBI fee); IT Rates Rules 2020 (stamp duty uniform). Equity-delivery also attracts DP charges per sell day (~₹15-40 broker-specific).
What changed in Oct 2024 and Budget 2026
- • Oct 2024: Options STT on sell doubled from 0.0625% to 0.1% of premium. Futures STT raised from 0.0125% to 0.02%.
- • Oct 2024: NSE exchange transaction charges for options restructured to uniform ₹3,503 per crore of premium (previously slab-based).
- • Apr 2025: SEBI turnover fee standardised at ₹10 per crore across segments.
- • Feb 2026 (Budget): Equity STCG (20%), LTCG (12.5% with ₹1.25L exemption), index option STT, intraday rates — all unchanged. Commodity futures STT raised to 0.05% (not modelled here — equity F&O only).
Compare against your broker's contract note
Use this as a sanity check — your actual contract note is authoritative. If your note shows meaningfully higher charges than this calculator, one of: (a) non-flat brokerage plan (percentage-based rather than ₹20 flat), (b) extra DP/annual charges, (c) bracket order / intraday product fees, (d) stamp duty billed on sell leg in a non-uniform state (discontinued after 2020 but some states lag). All brokers now follow the uniform pan-India schedule.
Related F&O + investing tools
Want your full F&O P&L broken down over a month?
Axel can read your broker contract notes (Zerodha/Upstox/Groww), aggregate charges by segment, and show what's eating your alpha.
Research tool · not investment advice.
Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Tool reports statutory charges only. Actual contract-note charges may vary by broker plan, account type, and market timing. Verify with your broker's contract note for authoritative billing. Sources: Finance Acts · NSE/BSE circulars · SEBI circulars · CBIC notifications, all verified against Budget 2026.