Presently, Zerodha is ranked the No. 1 discount brokerage firm in India. Incorporated in the year 2010, it is now ranked in the top position by volume, number of customers, and growth. Zerodha is popular for its systematic tools and techniques. Zerodha Brokerage Calculator is one of the most helpful tools, specially designed for investors and traders in the share market. The effective tool can calculate total brokerage charges, taxes, etc.
What is Zerodha?
Zerodha is India’s leading broking house due to a proper blend of low brokerage plus cutting-edge technology. They are the first broking house in India that bought the discount broking concept to India. Their concept was Rs. 20 brokerage per trade irrespective of the trading volume. A brokerage calculator was also introduced on their website which has given an instant quote of the brokerage charges for your trade. The recent addition is the Zerodha Brokerage Calculator Google Chrome Extension.
How to Use the Zerodha Brokerage Calculator?
Visit the brokerage calculator page on the Zerodhaofficial website here. This will open the page where you can check brokerage of the following: intraday equity, delivery equity, F&O – futures, F&O – options, currency futures, and options and commodity futures. You can also view and download sample contract notes from the page.
As you can see in the attached image in each of the sections, users can put their required buy, sell, and quantity in any of the exchanges, NSE or BSE. After putting in the data, you will be able to see all the charges below. Brokerage, Tax, GST, SEBI Charges, breakeven everything will be clearly displayed there. See the image below:
Example of Calculation of the Brokerage
Suppose you are calculating the brokerage for intraday equity, i.e, MIS orders, put buy price as 1000, sell price as 1100, and quantity as 400 the calculator will automatically calculate the total brokerage and charges and will find our the net profit as Rs. 39809.33. See the image above.
Like equity intraday, delivery equity, F&O Futures, and F&O Options all charges can be calculated by using this tool.
How to Install the Zerodha Brokerage Calculator Google Chrome Extension?
- Visit the google chrome web store to download the extension
- Write “Zerodha Brokerage Calculator” in the search box and click on search.
- This will bring the search results.
- Click on ADD TO CHROME button.
- This will add the extension to your Google Chrome.
How to Use the Zerodha Brokerage Calculator Google Chrome Extension?
While you are giving a buy or sell order on the Zerodha Kite platform you can side by side check the projected brokerage for the order. While you are on the Zerodha Kite page itself you can click on the blue Zerodha logo seen on the google chrome bar.
You can click on the segment where you are trading. Available segments are Intraday equity, delivery equity, futures, and options in the NSE market; Currency futures and currency options in the currency segment and futures in the commodity segment. Here I was trading Reliance equity in the cash segment on an intraday basis, hence I clicked on INTRADAY EQUITY.
Next, you can put your buy price and sell price and trading quantity in the available fields and you can calculate the brokerage automatically. You can select between exchanges: NSE or BSE and the total brokerage with all taxes is at your fingertips.
FAQ
Brokerage fees depend on the individual broker. Zerodha offers a detailed online brokerage calculator which allows you to calculate the exact brokerage charges applicable for different transactions. You can also find out about Zerodha’s terms and conditions related to any other additional charges by visiting their website.
Yes, Zerodha does charge a commission fee as well as certain other associated fees (such as taxes) on all trades done through them. The exact amount of the commission or fees will vary depending on what kind of trade it is, its size, etc. It may also be subject to change from time to time. Therefore, please refer to their website for up-to-date information in this regard.
Generally speaking, if you are trading small amounts then there won’t be very much difference between various brokers’ rates or commissions. However, if you plan on doing bulk trades then it would make sense to compare rates across different brokers and see who has better value for money offering overall. Such information is usually readily available online via reviews or comparison sites dedicated specifically towards stockbrokers/trading platforms like Zerodha.
Zerodha’s Brokerage Calculator offers extremely accurate estimates when it comes to calculating your estimated transaction costs and taxes prior to making any trade decisions. This makes them a useful tool in helping users decide whether they should go ahead with certain trades or not. There is also no need of incurring too many hidden expenses due to not factoring these in properly beforehand.
Conclusion
Overall, the Zerodha Brokerage Calculator is an easy-to-use and reliable tool that offers numerous advantages for traders. With a simple interface and extensive features available through their Google Chrome extension, it’s no wonder why this powerful brokerage calculator has become so popular with active day traders who want to maximize their profits in the stock market.
