Brokerage

Brokerage is the fee your broker charges for each executed order. Discount brokers in India charge between zero and ₹20 an order. Some charge nothing on delivery, and most charge 0.03% to 0.1% of the order value, capped at ₹20, on intraday. GST of 18% is added to it.

Brokerage is often the smallest part of the bill on a delivery trade, because STT and the DP charge are larger. It matters most for frequent intraday traders, who pay it on every order.

Example. At 0.03% capped at ₹20, a ₹25,000 intraday order pays ₹7.50 and a ₹1 lakh order pays ₹20.