Brokerage Calculator-Doing Away With Excel in New Age Equity Market

As observed, one of the finest traditional modes of calculating net profits is using excel. With the advancement of technology, many new techniques and modes have come into existence. In recent times, people are utilizing the more advantageous and easier method. This method is known by the name of “brokerage calculator”. It is a finest mode that provides lots of advantages. It helps one in calculating erroneous, difficult and messy calculations. In this current scenario, many people have switched to this new mode of calculating net profits in the equity market. As compared to the regular or traditional methods, it provides results more instantly with no calculation errors.

With this multi-use calculator, you are able to calculate the following:

• Net profits
• Total taxes
• Total brokerage

More often, brokerage calculator is described as “new age calculator”. It helps you to get maximum benefits, while saving your time substantially. Adding to this, it is really user-friendly. Anybody can use it in the most easy and convenient way.  All you need to do is to go online and get results. You can even look for instant updates as well. Hence, it is said that nothing could be easier than this. To calculate net profits, you just need to enter the numbers of total shares, brokerage amount, buying price and selling rates. How simple is it? Isn’t it? In order to ensure the optimal use of brokerage calculator online, you need to know about a full-fledged equity tax structure. The equity tax structure includes:

• Service tax – a tax imposed by Indian Government on different services. It is charged on all sorts of services except those listed in list of illegal services.
• Securities transaction tax- a tax payable only on the value of securities transacted through an authentic stock exchange. This tax is payable only in India. Adding to this, it is never chargeable or applicable on commodity, off-market transactions or currency transactions.
• Stamp duty- Also, referred to as stamp tax, this tax is levied on legal documents while the transfer of assets or property. However, stamp duty is placed on the transfer of patents, buildings, copyrights, homes, land and securities. 
• Turnover tax- This type of tax is similar to sales tax or VAT (Value Added Tax). The only difference is that this tax is applicable on capital and intermediate goods. In addition to this, turnover tax is more referred to as an indirect tax.   
• SEBI tax- is an income tax.  

The service tax is charged as per the brokerage charged by the broker. As observed by financial experts, brokerage calculator in commodities trading in India is one of the finest tools required to calculate the correct figures of net profit. If, for the same purpose, you don’t have a right tool at your disposal, things would unnecessarily go wrong and messy at the same time. This is the reason why brokerage calculator is said to be an essential asset or tool at such times.

It won’t be wrong to say that brokerage and service taxes are always fixed and can’t be changed even by an investor or trader. Reducing brokerage tax is the finest mean that can be helpful in bringing down the service tax. With this new age calculator, you can simply simulate the break even prices (selling price minus buying price).

The most important thing to know is the annual maintenance charges at the brokerage while doing calculations using the brokerage calculator. With an effective use of this new age and user-friendly tool, to oversee the additional costs while calculating your net trading income becomes more easy, convenient and hindrance-free.