The number your broker’s app doesn’t show you
Gross P&L is the number that shows up in Kite or Console. It isn’t the number that hit your bank account — statutory charges on an Indian F&O trade take a real bite, and a journal that only tracks the raw fill price is quietly overstating every trade’s actual result. This is the specific gap most journals built for US markets can’t close: they have no model for Indian market structure at all, because their home market doesn’t charge this way.
Seven components, computed per trade
PnL Book’s charges engine computes all seven line items your broker’s own contract note carries:
| Component | What it is |
|---|---|
| Brokerage | Your broker’s own fee per order |
| STT | Securities Transaction Tax |
| Exchange transaction charge | NSE/BSE’s own per-trade fee |
| GST | 18% tax on brokerage and exchange charges |
| SEBI turnover fee | The regulator’s own small per-turnover charge |
| Stamp duty | State-level duty on the buy leg |
| IPFT | Investor Protection Fund Trust charge |
Every trade carries the full per-component breakdown, not one lump deduction — so you can see exactly how much of a trade’s cost was STT versus GST versus brokerage, the same detail your contract note gives you but without opening a PDF to find it.
Intraday and delivery, priced differently on purpose
Delivery and intraday equity trades are charged under different rules in India — delivery carries its own STT and stamp-duty treatment — and the engine prices both correctly per trade, for options and futures alongside equity. That distinction is exactly where a US-market journal has nothing to model at all, because “delivery vs. intraday” isn’t a concept most of them were built around.
Two brokers, two totals, on the identical trade
Brokerage is the one component that genuinely varies broker to broker — a flat fee, a percentage, or zero on some discount plans. STT, the exchange transaction charge, GST, the SEBI fee, stamp duty and IPFT don’t change with your broker; they’re set by the exchange, the state and the regulator. So the same trade at the same prices can show a genuinely different total cost on two different brokers, purely from the brokerage line — and the per-component breakdown is what lets you see that it’s brokerage doing the moving, not the statutory charges you can’t negotiate anyway.
Where this shows up
Charges computed here are what make expectancy and average loss actually net figures rather than gross ones — the number the coach cites in your weekly review is already charges-adjusted. If you just want a quick estimate without journaling a trade, the free brokerage & charges calculator runs the same seven-component math for a single trade.
What we won’t claim
Statutory charges above are computed precisely from the components listed. Lot sizes and delivery-specific cards elsewhere in the product are approximate, and we say so rather than implying a precision we can’t back — always confirm exact figures against your own contract note.
Frequently asked questions
Which charges does PnL Book actually compute?
Seven components on every trade: Brokerage, Securities Transaction Tax (STT), Exchange transaction charge, GST, SEBI turnover fee, Stamp duty and IPFT (Investor Protection Fund Trust charge) — the same line items your broker's own contract note carries.
Does it handle delivery as well as intraday?
Yes. Delivery and intraday trades are charged differently under Indian market rules — most journals built for US markets don't model that distinction at all — and PnL Book computes both correctly, per trade.
Can I see each charge separately, not just the total?
Yes, every trade carries a full per-component breakdown, so you can see exactly how much of a trade's cost was brokerage versus STT versus GST rather than one lump deduction.
Are the lot sizes and delivery figures exact?
Statutory charges are computed precisely from the components above. Lot sizes and delivery-specific cards are approximate — we say so rather than implying a precision we can't back, and you should confirm exact figures against your own contract note.