What taxes and charges does your broker deducts from your earnings on equities?

#1
I have an account with Karvy and place all orders myself and they are charging me following:

Service Tax
STT
Transaction Charges NSE
Handling and other charges
Sebi Tax
Stamp Duty
Brokerage



What about your broker? Does your broker charge you same? Especially, Stamp Duty and Handling charges are they reasonable?
 

a1b1trader

Well-Known Member
#2
What is this handling and other charges. How much they are charging in this head. And what for they are charging this. Are they sending CN or any other thing by post/courier.

It will be better if you post a day real transactions details, so as to know what and how much, they are charging in actual. How much is their brokerage.
 
#3
What is this handling and other charges. How much they are charging in this head. And what for they are charging this. Are they sending CN or any other thing by post/courier.

It will be better if you post a day real transactions details, so as to know what and how much, they are charging in actual. How much is their brokerage.
Their brokerage is .05%. Actually I am thinking of opening an account with Sharekhan and they are offering .03%
So,before I open an account with Sharekhan I want to confirm which charges are applied by brokers on trades.

Handling charges I guess they're deducting for Call-To-Trade. But I have stopped using it now.

Transaction details for a trade you requested are :

ORDER No ORD TIME TRADE NO TRD TIME SCRIP NAME PUR QTY SALE QTY
1 09:34:44 201060 09:34:55 AXIS BANK LIMITED 8
2 10:18:15 525024 10:18:15 AXIS BANK LIMITED 6
3 10:18:15 525025 10:18:15 AXIS BANK LIMITED 2

RATE TOTAL TOT BROK SER TAX STT NET TOTAL
1071.80 8574.40 4.32 2.60 2.00 8570.08
1059.45 6356.70 3.18 0.42 -6359.88
1059.45 2118.90 1.06 0.14 -2119.96


Sub Total 8 8 90.24
Net Obligation 90.24
Securities Trans. Tax 2.00
Service Tax 3.16
Transaction Charges NSE 0.56
Stamp Duty 0.60
Sebi Tax 0.02
Handling and Other Charge 16.44

Due to You Rs. 67.46

I just don't understand why they're deducting stamp duty. I am only doing intraday trades. There's no delivery so why this stamp duty? Or is it normal? And yeah they're sending a CN by email.
 
Last edited:

a1b1trader

Well-Known Member
#4
Their brokerage is .05%. Actually I am thinking of opening an account with Sharekhan and they are offering .03%
So,before I open an account with Sharekhan I want to confirm which charges are applied by brokers on trades.

Handling charges I guess they're deducting for Call-To-Trade. But I have stopped using it now.

Transaction details for a trade you requested are :

ORDER No ORD TIME TRADE NO TRD TIME SCRIP NAME PUR QTY SALE QTY
1 09:34:44 201060 09:34:55 AXIS BANK LIMITED 8
2 10:18:15 525024 10:18:15 AXIS BANK LIMITED 6
3 10:18:15 525025 10:18:15 AXIS BANK LIMITED 2

RATE TOTAL TOT BROK SER TAX STT NET TOTAL
1071.80 8574.40 4.32 2.60 2.00 8570.08
1059.45 6356.70 3.18 0.42 -6359.88
1059.45 2118.90 1.06 0.14 -2119.96


Sub Total 8 8 90.24
Net Obligation 90.24
Securities Trans. Tax 2.00
Service Tax 3.16
Transaction Charges NSE 0.56
Stamp Duty 0.60
Sebi Tax 0.02
Handling and Other Charge 16.44

Due to You Rs. 67.46

I just don't understand why they're deducting stamp duty. I am only doing intraday trades. There's no delivery so why this stamp duty? Or is it normal? And yeah they're sending a CN by email.
Hi
The charges seems OK
Stamp duty is charged on all transactions. It is normal.

What sort of trading you are doing.
Intraday equity trading or derivative trading (F&O)

IMO, even Sharekhan will not be a good, as far as brokerage is concerned.
So better go for a discount brokers for reasonable brokerage like Zerodha, VPS, RKSV, Achiievers, TSO etc. They all have threads in TJ.

Except Zerodha, all have monthly plans for unlimited trading in Equity and F&O starting 500 per month to 1947 per month. Zerodha charges 20 INR per trade. So you can save a lot on brokerage itself, in comparison to Karvy or Sharekhan. The rest of the charges will be more or less same with all brokerages. However, if you are a big volume trader then you should make a comparative study.

Visit following link
http://www.traderji.com/brokers-trading-platforms/
 
#5
Hi
The charges seems OK
Stamp duty is charged on all transactions. It is normal.

What sort of trading you are doing.
Intraday equity trading or derivative trading (F&O)

IMO, even Sharekhan will not be a good, as far as brokerage is concerned.
So better go for a discount brokers for reasonable brokerage like Zerodha, VPS, RKSV, Achiievers, TSO etc. They all have threads in TJ.

Except Zerodha, all have monthly plans for unlimited trading in Equity and F&O starting 500 per month to 1947 per month. Zerodha charges 20 INR per trade. So you can save a lot on brokerage itself, in comparison to Karvy or Sharekhan. The rest of the charges will be more or less same with all brokerages. However, if you are a big volume trader then you should make a comparative study.

Visit following link
http://www.traderji.com/brokers-trading-platforms/
Thanks for telling me about these other brokers. Especially Zerodha's Rs. 20/trade offer sounds interesting. I'll make a check on these brokers. And choose right one.
 

Trade in Rs 20, No more % brokerage

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