What are the brokerage rates and taxes applicable for equity and ETF transactions that are carried out through Fincare services?

Opening an equity account with Fincare services is absolutely free. Fincare services charges a brokerage rate of Rs.20/- or 30 basis points (bps), i.e. 30 paise on every Rs. 100 charged, whichever is higher. Please note that there are additional charges that all brokers are legally required to charge on equity transactions as required by the Securities and Exchange Board of India (SEBI). The charges are as follows: Stamped duty/charges on delivery: 0.01% of transaction amount Securities transaction Tax on delivery: 0.1% on transaction amount. Turn over tax/transaction charges: Re.1/- per trade count (other than A, B group, 0.0035% is applicable) GST 18% on Brokerage & Transaction charges A minimum brokerage charge of Rs.20 will apply to all transactions below the value of Rs. 6,000. Here’s a detailed illustration of our rates with two cases: A scenario where the minimum brokerage is charged, and A scenario where 30 bps is charged Scenario 1 Transaction < 6,000 Particulars Rs. Rs. Total Turnover 6,000.00 Flat Brokerage 20 Securities transaction Tax on delivery: 0.1% on turnover 6 Transaction charges (per trade i.e. order count)* 1 Stamped duty/charges on delivery: 0.01% 0.6 GST 18% on Brokerage & Transaction charges 3.6 31.2 Total Payable (in case of Purchases) 6,031.20 Total Receivable (in case of Sale) 5,968.80 *other than A, B group, 0.0035% is applicable Scenario 2 Transaction > 6,000 Particulars Rs. Rs. Total turnover 50,000.00 Brokerage 30 bps (30 paise for every Rs 100) 150 Securities transaction Tax on delivery: 0.1% on turnover 50 Transaction charges (per trade i.e. order count)* 1 Stamped duty/charges on delivery: 0.01% 5 GST 18% on Brokerage & Transaction charges 27 233 Total Payable (in case of Purchases) 50,233.00 Total Receivable (in case of Sale) 49,767.00 *Other than A, B group, 0.0035% is applicable DEMAT ACCOUNT MAINTENANCE CHARGES: The demat account annual maintenance fee is Rs.400 (Rs.33 + taxes on a month-on-month basis). This fee will be waived for the FIRST YEAR, and will be charged starting from the SECOND YEAR. Demat transaction fees of Rs 10 + taxes will charged on all demat debit transactions.