India's largest stockbroker by active clients. Flat ₹20 or 0.03% per executed order on intraday, futures and options; zero brokerage on equity delivery.
Trade details
Delivery
Intraday
Futures
Options
₹
₹
I haven't sold yet (buy-side only)
Cost breakdown
Net P&L after all charges
₹0.00
Breakeven price: ₹0.00
About the Zerodha brokerage calculator
Zerodha popularised the flat-fee discount-broking model in India and remains the
largest broker by active NSE client count. Equity delivery is zero-brokerage — you only pay statutory
charges (STT, exchange fees, SEBI fee, stamp duty) and a small DP charge if you sell. Intraday, futures
and options are charged at ₹20 or 0.03% per executed order (whichever is lower), so on most retail order
sizes you'll be paying the flat ₹20, not the percentage. The trade-off for the low pricing is a ₹300/year
demat AMC and no human relationship manager — Zerodha is built for self-directed traders who use Kite
and the Console back-office rather than calling a dealer.
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PRACTICAL TIP
Because Zerodha charges flat ₹20 (not a percentage) on intraday and F&O, the charge as a
% of your capital falls as your trade size rises — a ₹20 fee is 2% of a ₹1,000 trade but only 0.02%
of a ₹1,00,000 trade. If you're trading small lot sizes intraday, the flat fee can dominate your
costs more than STT does; size positions large enough that ₹20 isn't a meaningful drag, or batch
entries instead of placing several small orders.
Worked example — Intraday: 100 shares, ₹1,000 → ₹1,010
On a 100-share intraday trade bought at ₹1,000 and sold at ₹1,010 through Zerodha, the
brokerage component comes to ₹40.00 and total charges
across brokerage, STT, exchange fees, SEBI fee, stamp duty and GST add up to
₹82.72. On a gross profit of ₹1,000 (before charges), that
leaves a net P&L of ₹917.28 — run your own numbers in the
calculator above for any price, quantity or segment.
Delivery brokerage shown is the round-trip charge (buy + sell legs combined) on a ₹1,00,000 turnover trade, for like-for-like comparison — see each broker's own page for their exact formula.
Frequently asked questions
Is Zerodha brokerage really zero on delivery trades?
Yes — Zerodha charges ₹0 brokerage on equity delivery (buy-and-hold) trades. You still pay STT, exchange transaction charges, SEBI fees, stamp duty on the buy leg, and a DP charge if you later sell shares out of your demat account. None of these go to Zerodha as brokerage; they're statutory or pass-through charges.
What is Zerodha's DP charge and when is it deducted?
Zerodha's DP (Depository Participant) charge is ₹13.50 + 18% GST (≈₹15.34) per scrip, per day, charged only when you sell shares held in your demat account. It applies once per company per day regardless of how many shares you sell that day, and does not apply to intraday or F&O trades since those don't involve demat delivery.
How much does Zerodha charge for F&O (futures and options) trading?
Zerodha charges ₹20 or 0.03% per executed order, whichever is lower, on both futures and options — applied separately to the buy leg and the sell leg. On most retail order sizes the flat ₹20 applies rather than the percentage, since 0.03% only exceeds ₹20 on turnover above roughly ₹66,667 per leg.
Does Zerodha charge an annual maintenance charge (AMC)?
Yes, Zerodha charges ₹300 + GST per year as demat AMC, billed quarterly. Investors who keep their entire demat holding value under ₹4 lakh may qualify for Zerodha's BSDA (Basic Services Demat Account) category, which can reduce or waive this AMC — check your account type in Console.
Is Zerodha good for beginners compared to other discount brokers?
Zerodha is widely considered the standard for beginners in India due to Kite's interface, the free Varsity education modules, and its scale of community support. Upstox and Angel One are comparable on raw pricing (also ₹20/order on F&O) and have zero AMC, so the choice often comes down to platform preference rather than cost.
What is the breakeven price on a Zerodha trade?
Breakeven is the price your position needs to move to before charges are covered — calculated as your buy price plus (total charges ÷ quantity) for a long position. This calculator shows your exact breakeven price for every trade above, factoring in Zerodha's actual brokerage, STT, exchange charges, SEBI fee, stamp duty and GST.
Does Zerodha charge differently for NSE vs BSE trades?
Zerodha's brokerage formula itself doesn't differ by exchange. In practice, NSE and BSE exchange transaction charges and turnover-linked fees can differ slightly between the two exchanges; this calculator uses a single representative exchange-charge rate per segment, so for exchange-specific rate differences always cross-check your contract note.
Free tools for before and after this trade
Plan the position, size the risk, and price the option — part of Accelpix's free 18-tool trader suite.
This calculator is built for educational and estimation purposes, referencing publicly available SEBI, NSE, BSE and MCX circulars along with each broker's published rate card. Actual charges on your contract note may vary.
01Securities Transaction Tax (STT)
STT is levied by the Government of India under the Securities Transaction Tax Act, 2004, and collected by the exchange on every executed trade. Equity delivery attracts 0.1% on both buy and sell legs; equity intraday attracts 0.025% on the sell leg only. Futures attract 0.05% on the sell-side turnover and options attract 0.15% on the sell-side premium, per the rates effective 1 April 2026 (Union Budget 2026-27). STT is non-refundable and applies irrespective of profit or loss.
02Exchange transaction charges
NSE and BSE levy transaction charges on turnover to fund exchange operations and infrastructure, as specified in their respective circulars. These charges differ by segment (equity, futures, options) and are charged to the broker, who passes them through to the client. Rates are revised periodically by the exchange and published on nseindia.com and bseindia.com.
03SEBI turnover fees
Under SEBI (Regulation of Fees) regulations, a turnover fee of ₹10 per crore (0.0001%) is charged on the total transaction value to fund SEBI's regulatory functions. This is a flat statutory levy uniformly applied across all brokers and segments.
04Stamp duty
Stamp duty on securities transactions is levied under the Indian Stamp Act, 1899, as amended by the Finance Act, 2019, and is charged uniformly pan-India on the buy-side consideration, collected by the depository/exchange. Rates: 0.015% for equity delivery, 0.003% for intraday and options premium, and 0.002% for futures.
05GST
Goods and Services Tax at 18% is levied on brokerage and on exchange transaction & SEBI charges (the "taxable services" component), under the CGST/SGST or IGST Act depending on the client's registered state. GST is not applicable on STT, stamp duty, or the SEBI turnover fee itself, as these are statutory levies, not services.
06DP (Depository Participant) charges
When you sell shares held in your demat account, your Depository Participant (broker) levies a DP charge (typically ₹13–₹25 + GST per scrip, per day), payable to CDSL/NSDL for debiting securities from your demat account. This is separate from brokerage and applies only on delivery sells, not on intraday or F&O trades.
Disclaimer: Figures shown by this calculator are estimates based on publicly published broker rate cards and SEBI/exchange circulars believed accurate as of June 2026. Brokerage plans, STT, exchange transaction charges, SEBI fees and stamp duty rates are subject to change by the respective broker, exchange, SEBI or the Government of India without notice. Accelpix is an NSE-authorized data vendor and does not act as a stockbroker, investment adviser, or research analyst. Nothing on this page constitutes investment advice, a recommendation to trade with any particular broker, or a guarantee of charges that will appear on your contract note. Always verify exact charges with your broker's official rate card and your daily contract note before making trading decisions. Trading in equity, derivatives and commodities involves risk of financial loss.
