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Brokerage calculators
| Click to open account | Rankings for Lowest Brokerage |
| Zerodha –₹ 20/trade or 0.01% whichever is lower | Zerodha Kite, which has no brokerage fees for equity delivery. |
| Groww –₹ 20 or 0.05% per order whichever is lower | Groww’s app offers more fluidness the beginners. |
| HDFC Securities –₹ 20 per trade or 0.10% whichever is lower | HDFC Securities offers a 3-in-1 account combining a savings bank, trading, and a Demat account |
| Kotak Securities – 0.25% of the transaction value | zero brokerage for intraday trades across all segments – Equity Derivatives(F&O), Currency and Commodity |
Zerodha is a prominent brokerage firm based in India, known for its online trading platform and low-cost brokerage services. Founded in 2010 by Nithin Kamath, Zerodha has emerged as one of the largest retail brokerage firms in India, catering to millions of traders and investors.
Groww is a financial technology company based in India that offers an online investment platform aimed at simplifying and democratizing the process of investing. Founded in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, Groww has quickly gained popularity as one of the leading investment platforms in the country.
Angel One, also known as Angel Broking, is one of India’s largest full-service retail stockbroking firms, providing a wide range of financial services to investors and traders. Established in 1987 by Dinesh Thakkar, Angel One has grown into a prominent player in the Indian financial services industry, with a strong presence across the country.
Brokerage and Taxes in the Indian Stock Market
Brokerage–Click here to know more
- What is it? Brokerage is a fee charged by a stockbroker for executing buy or sell orders on your behalf.
- How is it calculated? Brokerage can be calculated in various ways, including:
- Flat fee: A fixed amount per trade, regardless of the order size.
- Percentage of transaction value: A percentage of the total value of the securities bought or sold.
- Combination of both: A combination of a flat fee and a percentage fee.
Taxes
- What are they? Taxes are mandatory payments levied by the government on various income and transactions. In the Indian stock market, there are primarily two types of taxes:
- Short-term Capital Gains Tax (STCG): Applicable on profits from the sale of equity shares or equity-oriented mutual funds held for less than one year. The STCG rate is 15% for individuals and HUFs.
- Long-term Capital Gains Tax (LTCG): Applicable on profits from the sale of equity shares or equity-oriented mutual funds held for more than one year. LTCG is taxed at 20% with indexation benefits, which reduces the taxable gains.
Note: The specific tax rates and rules may change over time. It’s always advisable to consult with a tax professional for the most accurate and up-to-date information.
Additional considerations:
- Securities Transaction Tax (STT): A tax levied on the sale of securities in India.
- Delivery-based transaction charges: Some brokers may charge additional fees for delivery-based transactions.
- Stamp duty: A state-level tax levied on the transfer of securities.
For more detailed information, you can refer to the guidelines issued by the Securities and Exchange Board of India (SEBI) and the Income Tax Department of India.