Option Brokerage

Hi everyone,
I'm trdaing with IIFL now. They charged me brokerage of 2 rs.
I'm new in deriv and confused about brokerage rate.

Please give u r reply on brok is right or wrong if right/wrong then how with same as below.

Symbol ExpDate BQTY SQTY MKT_RATE BRKG Net Rate
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NIFTY 25-Oct-2011 4,900.00 PE 50 0 60.00 2.00 62.00
NIFTY 25-Oct-2011 4,900.00 PE 50 0 60.00 2.00 62.00
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100 0
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100 0
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Regulatory Charges : Rs:3.41
Securities Tr Tax : Rs:0.00
Service Tax on Brokerage : Rs:20.60
Stamp Duty Charges : Rs:0.12

Hi Santosh

1 lot of NIFTY Put Option has 50 quantity, so brokerage of Rs. 2 is per quantity. It means your Total brokerage is Rs. 2 X 50 = Rs. 100. So for every lot of NIFTY you are paying Rs. 100 as brokerage.

You bought 2 lots of put option, so total brokerage charges are Rs. 200 and Rs 20.60 is for (service tax + higher education cess + education cess ) which is 10.3% of brokerage.

Hope this clarifies.

Regards