Sharekhan Brokerage Calculation
- Thread starter Noob_Trader
- Start date
Sharekhan showing profits per scrips, as per them today i make profit with KFA 77.53 and Vardhman 34.72
while sheet showing some difference, in general my actual profit is 112.25 for day while sheet is figuring it 111.75, so some minor changes required i think.
Here is screen shot , if you can check if any wrong
while sheet showing some difference, in general my actual profit is 112.25 for day while sheet is figuring it 111.75, so some minor changes required i think.
Here is screen shot , if you can check if any wrong
Code:
http://i53.tinypic.com/255jg5f.jpg
Can someone use sharekhan explain how they calculate brokerage,
I mean 0.1% for intra and 0.5% for delivery, but how they charge other taxes ?
for intra they charge, 0.1% on buy and 0 on sell leg
now for buy
10.3% service tax on brokerage
0% STT
for Sale
Service Tax ??
STT ??
Stamp Duty ??
Turnover Charges ??
Edu Cess ??
Higher Edu Cess ?
can anyone pls advice what are this charges in % term ?
I am creating my excel sheet to moniter trades, so its required to set formulas.
Thanks in Advanced
:clapping:
I mean 0.1% for intra and 0.5% for delivery, but how they charge other taxes ?
for intra they charge, 0.1% on buy and 0 on sell leg
now for buy
10.3% service tax on brokerage
0% STT
for Sale
Service Tax ??
STT ??
Stamp Duty ??
Turnover Charges ??
Edu Cess ??
Higher Edu Cess ?
can anyone pls advice what are this charges in % term ?
I am creating my excel sheet to moniter trades, so its required to set formulas.
Thanks in Advanced
:clapping:
For example, my total turnover today is 2 lakh, my brokerage is 0.05%.
Brokerage = 2 lakh x 0.05% = Rs. 100,
combined taxes = 2 lakh x 0.024% = Rs. 48.
The tax percentage is for intraday, i am not sure for delivery.
Hi,
If anyone can confirm the below charges then I can make an Excel for all:
Kindly correct if wrong and would be better if explained with some example.
My knowledge in market is of 4 days.
Brokerage= (0.10%Intraday) (0.50%Delivery)
Transaction Charges= 10% Service Tax + Education Cess 2% of Service Tax + Higher Education Cess 1% of Service Tax
Service Tax= 10.30% on (Brokerage+Transaction Charges)
Education Cess= 2% of Service Tax
Higher Education Cess= 1% of Service Tax
Security Transaction Tax= ??? (Advice)
Stam Duty= (0.002%Intraday) (0.01%Delivery)
Turnover Charges= 0.0035% of Value Traded
Mail me at <username>@gmail.com
======================================================================================
Also Found this on yahoo answers: (http://in.answers.yahoo.com/question/index?qid=20070601224349AAXOmGi)
======================================================================================
Brokerage(Standard) 0.1% of total volOr 5 paisa per share (whichever is higher) 0.5% of total volOr 10 paisa per share (whichever is higher)For sell transaction Rs.16 is min brokerage as DP charges
Service tax 12.24% of total brokerage 12.24% of total brokerage
Securities transactionTax (STT) 0.025% of the total vol traded-only for sell transaction 0.125% of the total vol traded-Both sell/ buy transaction
Stamp duty 0.002% of the total vol 0.01% of the total vol
Turnover tax 0.0035% of the total vol 0.0035% of the total vol
Derivative Segment
For futures
Standard Brokerage 0.1%- 1st leg0.02%- 2nd leg 1st leg 2nd leg
Intraday 0.1% 0.02%
Delivery 0.1% 0.1%
Service tax 12.24% of total brokerage
Stamp duty 0.002% of the total vol
Turnover tax 0.0021% of the total vol
Securities transactionTax (STT) 0.017% of the total vol traded-Only for sell transaction
For Options
Standard Brokerage 0.1%- 1st leg0.02%- 2nd leg 1st leg 2nd leg
Intraday 0.1% 0.02%
Delivery 0.1% 0.1%
Brokerage=strike prize* lot size* brokerage
Service tax 12.24% of total brokerage
Stamp duty 0.002% of the premium
Turnover tax 0.051% of the premium
Securities transactionTax (STT) 0.017% of the premium-Only for sell transaction
======================================================================================
And This on Tadeji: (http://www.traderji.com/beginners-guide/28445-brokerage-rates-sharekhan.html)
======================================================================================
For Intra-day Trades :-
0.1% on the buy side and 0.1% on the sell side. This is subject to a minimum brokerage of 5 paise per share. This means that if the share price you trade in is Rs 50/- or less, a minimum brokerage of 5 paise per share will be charged.
For Delivery Based Trades :-
0.5% or 10 paise per share or Rs. 16/- per scrip whichever is higher.
Minimum brokerage of 10 paise per share is applicable when the share price is Rs. 20/- or less and minimum brokerage of Rs. 16/- per scrip will be applicable when the traded price is Rs 3,200/-
NOTE: Minimum brokerage of Rs. 16/- will be applicable only on SELL Delivery Transactions.
For F&O trades :-
0.1% on the first leg
0.02% on the second leg if squared off on the same day and 0.1% if squared off on any other day.
Please note : Brokerage on Options trades will now be charged on the Premium component instead of the Strike Price which was levied earlier. Brokerage will be charged as Rs. 100/- per contract or 2.5% on the premium (which ever is higher) as per the SEBI circular guidelines.
The Transaction Charges are :-
NATURE OF TRANSACTION - RATE OF STT (Charged on Traded Value)
Delivery based transaction in equity - Buyer and seller each to pay 0.125%
Non-delivery based transaction in equity - Seller to pay 0.025%
Derivatives ( Futures ) - Seller to pay 0.017%
Derivatives ( Options ) - 0.017% only on sell side if Squared off. (on premium)
0.125% to be paid by purchaser if Exercised. (on settlement value)
Stamp Duty 0.010% for delivery based trades and 0.002% for intra-day trades.
Stamp Duty - Derivatives (F&O) : 0.002% for Futures on actual price and 0.002% for options on premium.
Service Tax 10.30% on Brokerage + Transaction Charges ( 10% Service Tax + Education Cess 2% of Service Tax + Higher Education Cess 1% of Service Tax )
Turnover Tax 0.0035% of traded value ( cash segment ) and 0.0023% for Futures on actual rate and 0.0513% on premium.
======================================================================================
If anyone can confirm the below charges then I can make an Excel for all:
Kindly correct if wrong and would be better if explained with some example.
My knowledge in market is of 4 days.
Brokerage= (0.10%Intraday) (0.50%Delivery)
Transaction Charges= 10% Service Tax + Education Cess 2% of Service Tax + Higher Education Cess 1% of Service Tax
Service Tax= 10.30% on (Brokerage+Transaction Charges)
Education Cess= 2% of Service Tax
Higher Education Cess= 1% of Service Tax
Security Transaction Tax= ??? (Advice)
Stam Duty= (0.002%Intraday) (0.01%Delivery)
Turnover Charges= 0.0035% of Value Traded
Mail me at <username>@gmail.com
======================================================================================
Also Found this on yahoo answers: (http://in.answers.yahoo.com/question/index?qid=20070601224349AAXOmGi)
======================================================================================
Brokerage(Standard) 0.1% of total volOr 5 paisa per share (whichever is higher) 0.5% of total volOr 10 paisa per share (whichever is higher)For sell transaction Rs.16 is min brokerage as DP charges
Service tax 12.24% of total brokerage 12.24% of total brokerage
Securities transactionTax (STT) 0.025% of the total vol traded-only for sell transaction 0.125% of the total vol traded-Both sell/ buy transaction
Stamp duty 0.002% of the total vol 0.01% of the total vol
Turnover tax 0.0035% of the total vol 0.0035% of the total vol
Derivative Segment
For futures
Standard Brokerage 0.1%- 1st leg0.02%- 2nd leg 1st leg 2nd leg
Intraday 0.1% 0.02%
Delivery 0.1% 0.1%
Service tax 12.24% of total brokerage
Stamp duty 0.002% of the total vol
Turnover tax 0.0021% of the total vol
Securities transactionTax (STT) 0.017% of the total vol traded-Only for sell transaction
For Options
Standard Brokerage 0.1%- 1st leg0.02%- 2nd leg 1st leg 2nd leg
Intraday 0.1% 0.02%
Delivery 0.1% 0.1%
Brokerage=strike prize* lot size* brokerage
Service tax 12.24% of total brokerage
Stamp duty 0.002% of the premium
Turnover tax 0.051% of the premium
Securities transactionTax (STT) 0.017% of the premium-Only for sell transaction
======================================================================================
And This on Tadeji: (http://www.traderji.com/beginners-guide/28445-brokerage-rates-sharekhan.html)
======================================================================================
For Intra-day Trades :-
0.1% on the buy side and 0.1% on the sell side. This is subject to a minimum brokerage of 5 paise per share. This means that if the share price you trade in is Rs 50/- or less, a minimum brokerage of 5 paise per share will be charged.
For Delivery Based Trades :-
0.5% or 10 paise per share or Rs. 16/- per scrip whichever is higher.
Minimum brokerage of 10 paise per share is applicable when the share price is Rs. 20/- or less and minimum brokerage of Rs. 16/- per scrip will be applicable when the traded price is Rs 3,200/-
NOTE: Minimum brokerage of Rs. 16/- will be applicable only on SELL Delivery Transactions.
For F&O trades :-
0.1% on the first leg
0.02% on the second leg if squared off on the same day and 0.1% if squared off on any other day.
Please note : Brokerage on Options trades will now be charged on the Premium component instead of the Strike Price which was levied earlier. Brokerage will be charged as Rs. 100/- per contract or 2.5% on the premium (which ever is higher) as per the SEBI circular guidelines.
The Transaction Charges are :-
NATURE OF TRANSACTION - RATE OF STT (Charged on Traded Value)
Delivery based transaction in equity - Buyer and seller each to pay 0.125%
Non-delivery based transaction in equity - Seller to pay 0.025%
Derivatives ( Futures ) - Seller to pay 0.017%
Derivatives ( Options ) - 0.017% only on sell side if Squared off. (on premium)
0.125% to be paid by purchaser if Exercised. (on settlement value)
Stamp Duty 0.010% for delivery based trades and 0.002% for intra-day trades.
Stamp Duty - Derivatives (F&O) : 0.002% for Futures on actual price and 0.002% for options on premium.
Service Tax 10.30% on Brokerage + Transaction Charges ( 10% Service Tax + Education Cess 2% of Service Tax + Higher Education Cess 1% of Service Tax )
Turnover Tax 0.0035% of traded value ( cash segment ) and 0.0023% for Futures on actual rate and 0.0513% on premium.
======================================================================================
Last edited:
Never Bother Reading the above.
Just confirm if the below calculations are correct for the derivative based investments:
Buy Sell
A1 Quantity A2 Quantity
B1 Price B2 Price
C1 Purchase A1*B1 C2 Sold A2*B2
D1 Amount C1+F1+M1 D2 Amount C2+F2+M2
E1 Net Trds C1 E2 Net Trds C2
F1 Total Taxes G1+H1+I1 F2 Tax G2+H2+I2
G1 ST 0.03% of C1 G2 ST 0.03% of C2
H1 STT 0.12% of C1 H2 STT 0.12% of C2
I1 Misc Tax 0.02% of C1 I2 Misc Tax 0.02% of C2
M1 Brokerage 0.03% of C1 M2 Brokerage 0.03% of C2
O1 Net Amt D1+E1 N2 Delivery 0.03% of C2
O2 Net Amt D2+E2
Can someone make an Excel from it.
Thanks,
akshaytomar87@
Just confirm if the below calculations are correct for the derivative based investments:
Buy Sell
A1 Quantity A2 Quantity
B1 Price B2 Price
C1 Purchase A1*B1 C2 Sold A2*B2
D1 Amount C1+F1+M1 D2 Amount C2+F2+M2
E1 Net Trds C1 E2 Net Trds C2
F1 Total Taxes G1+H1+I1 F2 Tax G2+H2+I2
G1 ST 0.03% of C1 G2 ST 0.03% of C2
H1 STT 0.12% of C1 H2 STT 0.12% of C2
I1 Misc Tax 0.02% of C1 I2 Misc Tax 0.02% of C2
M1 Brokerage 0.03% of C1 M2 Brokerage 0.03% of C2
O1 Net Amt D1+E1 N2 Delivery 0.03% of C2
O2 Net Amt D2+E2
Can someone make an Excel from it.
Thanks,
akshaytomar87@
Hi,
Never bother reading the above.
Can anyone please confirm if the below calculations are correct for delivery based trades.
Buy
A1 Quantity
B1 Price
C1 Purchase A1*B1
D1 Amount C1+F1+M1
E1 Net Trds C1
F1 Total Taxes G1+H1+I1
G1 ST 0.03% of C2
H1 STT 0.12% of C1
I1 Misc Tax 0.02% of C1
M1 Brokerage 0.03% of C1
O1 Net Amt D1+E1
Sell
A2 Quantity
B2 Price
C2 Sold A2*B2
D2 Amount C2+F2+M2
E2 Net Trds C2
F2 Total Taxes G2+H2+I2
G2 ST 0.03% of C2
H2 STT 0.12% of C2
I2 Misc Tax 0.02% of C2
M2 Brokerage 0.03% of C2
N2 Delivery 0.03% of C2
O2 Net Amt D2+E2
Thanks,
akshaytomar87@g
Never bother reading the above.
Can anyone please confirm if the below calculations are correct for delivery based trades.
Buy
A1 Quantity
B1 Price
C1 Purchase A1*B1
D1 Amount C1+F1+M1
E1 Net Trds C1
F1 Total Taxes G1+H1+I1
G1 ST 0.03% of C2
H1 STT 0.12% of C1
I1 Misc Tax 0.02% of C1
M1 Brokerage 0.03% of C1
O1 Net Amt D1+E1
Sell
A2 Quantity
B2 Price
C2 Sold A2*B2
D2 Amount C2+F2+M2
E2 Net Trds C2
F2 Total Taxes G2+H2+I2
G2 ST 0.03% of C2
H2 STT 0.12% of C2
I2 Misc Tax 0.02% of C2
M2 Brokerage 0.03% of C2
N2 Delivery 0.03% of C2
O2 Net Amt D2+E2
Thanks,
akshaytomar87@g
Last edited:
Dear Aditya Saraf,
I did not able to download file that you shared for the calculation of brokerage.
Can you please help me or email me your file at [email protected]
Thanks,
Niranjan Prasad
I did not able to download file that you shared for the calculation of brokerage.
Can you please help me or email me your file at [email protected]
Thanks,
Niranjan Prasad
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| V | sharekhan high intraday brokerage | Day Trading | 1 | |
| B | Experienced investor, a/c with sharekhan with 1 & 10 paisa brokerage | Introductions | 0 | |
| H | Sharekhan brokerage charges | Commodities | 0 | |
|
ShareKhan Brokerage!! | Brokers & Trading Platforms | 5 | |
| R | Sharekhan Brokerage and Taxes Structure | Brokers & Trading Platforms | 6 |
Similar threads
-
-
Experienced investor, a/c with sharekhan with 1 & 10 paisa brokerage
- Started by Biker
- Replies: 0
-
-
-
Sharekhan Brokerage and Taxes Structure
- Started by riskfree_trade
- Replies: 6