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Intraday Brokerage Calculator-for Equity MarketsBy Expert Author: abhijit
Equity segments related to the financial markets simply cannot do without a proper brokerage calculator. One can use it for various kinds of calculations, including the following.
* Total Brokerage
* Net Profit
* Total Taxes
Derivative traders on the other hand can always use the calculator related to futures trading to keep abreast of the situation. Taxes remain varied in both cash segment and futures-options segment. There is no longer any need like the days of yore to download Excel files from the Internet and then calculate net profits using them. Today you can easily do it instantaneously on the online medium itself using the calculator. In such an automatic system, all you need to do is to feed relevant data in the allotted slots and get the results that you require at the click of the button.
Calculations that happen online render themselves to updates as and when required. Data input involves the following.
1. Sell Price
2. Buy Price
4. Share Numbers
Taxes charged in equity segments via ISE include the Turnover Tax, Stamp Duty, Service Tax, SEBI Tax, and Securities Transaction Tax (STT). Levied service tax is on total brokerage is charged by the broker. With the brokerage calculator coming to the aid of the investors, reaching the correct figures becomes quick. Among all these above taxes, the service and brokerage tax remains fixed throughout and doesn't lend itself to changes, even by the investor or trader.
In an idealistic situation through reduction of the brokerage tax, it becomes possible to reduce the service tax too. This in turn helps in the increase of taxes and net total profits along with the related charges of the brokerage. Intraday traders are capable of generating huge book profits and volumes through short price movements. For any trade are one of the most crucial information is of course the knowledge of the price to break even. This in turn is the sell price deducted from the buy price, excluding the taxes on the brokerage. By using an intraday brokerage calculator, it is possible to simulate the price to breakeven after the trade initiation.
However, in this regard traders should be aware of the fact that this kind of online calculator does not take into account the minimum brokerage during the calculation process. Many brokers will charge you a minimal of 25, 30, or above in brokerage inside of the actual brokerage being less than such amounts. It is extremely necessary to keep regular eye on the brokerage costs because the associated cost of selling or buying shares is a tricky affair, to say the least. Intraday trading signifies day trading with selling and buying stocks concentrated in a single day trading session. Brokerage here remains low than the delivery in such situations.
When doing your calculations, you should also know about the maintenance charges of the brokerage on an annual basis. They should be annual only because monthly deductions will start telling on the invested funds. Proper use of intraday brokerage calculator will help you to oversee the expenditure related to the brokerage.
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