Very discouraging & disappointing. Its virtual stamp duty this haryana govt is looting money from people.
Haryana has very high stamp duty. See the pics taken from zerodha brokerage calculator.
Have a look at stamp duty of Delhi, Telangana & haryana for comparison
Govt should stop looting money in the form of stamp duty charges. Need a capping limit & it should also be lower for intraday.
Some states have high stamp duty charges.
Regarding Exchange charges, I would say that volumes have increased rather multiplied in india over the last few years.
So its time for exchanges to cut down their charges.
Mr. @nithin why cant zerodha start this initiative in the best interest of retail investors & traders?
If you can start on this, then your campaign will be unanimously supported by everyone in India.
Petitions & requests may not have any impact on the HR govt, Uniform stamp duty may be able to come under GST by efforts of NSE members association & progressive businessmen like Nitin (of zerodha) and others.
it is indeed very discouraging for business and profits.In fact Hr has become the most expensive state to trade stocks like WB.
It makes sense for intra-day traders to quit haryana , even if u trade with 2-3 lots if nifty a single buy sell would cost u min 6000-9000 a month…It still cheap to rent a room (PS leave it later, as all communication is on email…!) .The same i suggested to my relative in Ambala…(here SAS nagar punjab-is cheap) ,here is my solution…
Other Steps:
Not much change. Just introduced 500 rs upper limit per day capping.
Telangana has max 100 rs / day,
Himachal has 50 rs / day.
Seriously? The cap makes all the difference without it traders were paying tens of thousands in Stamp Duty. For big traders that’s like 90%+ savings.
I do agree with u but still , stamp duty in haryana is on the higher side comparatively to many states. But still, nevertheless , its a good move & worth relief.
Did you get any benefit as per revised stamp duty? I am asking as NSE circular is awaited for change?
Does anybody know effective date of change for 0.01% stamp duty?
Although NSE circular was in Oct,2017 for change in stamp duty ICICI back charge me from 23rd of June 2017 without sending any revised contract notes ?
Is this legal?
What action can i take against ICICI DIrect?
Forget icici, even zerodha seems sleeping. Wake up @nithin
Please update the stamp duty of haryana in brokerage calculator website page & same should reflect in contract notes.
hmm… contract notes are already updated, have you seen any discrepancy on your contract note?
Will get the calculator updated.
Dear @nithin
There still seems some error in the stamp duty which is wrongly updated on brokerage calculator for haryana.
As per circular, for non delivery trades of intraday , F&O , the stamp duty is .002% capped at 200 rs. per day.
But zerodha brokerage calculator is wrongly showing the intraday stamp duty upper limit as 500 rs. instead of 200 rs.
500 rs upper limit is for delivery based positions but for intraday, the maximum limit is rs 200.
Please get this rectified & also ensure that the same is reflected in the contract notes!
Thanks.
Dear Mr @nithin Regarding the new stamp duty for haryana. Please take note of it & update the brokerage calculator accordingly & ensure that the same is reflected in contract notes.
Currently the brokerage calculator has been wrongly updated.
Hello @Tintin ,you can also have a look.
Dear mr @nithin please find some time to get the brokerage calculator updated.
Maximum upper limit for intraday equity is Rs 200.
Brokerage calculator is wrongly showing as Rs 500.
See the attached image in above post showing stamp duties of different states.
What’s wrong with zerodha? Why you have been so careless in updating the stamp duty of haryana in your brokerage calculator.
Max upper limit is capped now at 200 rs for equity intraday but still wrongly mentioned as 500 rs.
@nithin brother if u get some free time from world tours then I would request you to have a look at this thread. 
World tours? Joke or sarcasm? 
If you are building a sample contract note on the brokerage calculator, it is a little tricky to have different upper limit for intraday and delivery as this is the only state with separate caps for intraday and delivery… But the rates are updated as I have shown you.
No sarcasm but little bit of joking. But you do travel around globally.
Thanks for updating the rates & I hope same are reflected in the end of day contract notes.
Regarding the trickier part , can we not have a similar brokerage calculator as SAMCO ?
Would request you to have a look at their page.
(I hope there shouldn’t be any problem in visiting a competitors website for analyzing their interface)
They have an option to select the state in the beginning itself before putting in the buy sell price / quantity.
But at zerodha, we have to select the state at the end, after filling everything.
Also, samco version is slightly advantageous for intraday traders because it shows instant profit loss as we have to input the state name only once.
But at zerodha, for every calculation we have to manually select state name which is time consuming as a trader may want to input different set of quantities/ prices for different trades.
Yes on zerodha brokerage calculator, if we enter new values of quantity, price again & then click contract note, then all the trades are merged up.
And we have to refresh the page everytime for calculating a new trade.
Still not able to understand?
Please read my posts on this old thread of mine.
If we can have this, then it will be more speedy n user friendly.
Thanks
