Zerodha GTT Charges: What You Need To Know About Triggered Orders

Zerodha GTT Charges (Good Till Triggered) is a feature that allows Zerodha customers to place orders at a specified price point, and the order remains active until it gets triggered or cancelled. The feature is available for free for all Zerodha customers.

However, there are certain charges that apply when an order gets triggered:

Brokerage: Zerodha charges a brokerage fee of 0.03% or Rs. 20 per executed order, whichever is lower.
Exchange Transaction Charges: These are charges levied by the exchange and depend on the exchange where the trade is executed. For example, for the National Stock Exchange (NSE), the exchange transaction charge is 0.00325% of the trade value.
Securities Transaction Tax (STT): STT is levied by the government and is 0.1% of the transaction value for delivery-based trades and 0.025% of the transaction value for intraday trades.
Goods and Services Tax (GST): GST is charged at 18% on the brokerage and exchange transaction charges.

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Example to Help Illustrate the Zerodha GTT Charges that Apply when a Zerodha GTT Order

Suppose you place a Zerodha GTT order to buy 100 shares of Company XYZ at a trigger price of Rs. 150 per share. You also set a limit price of Rs. 155 per share.

Assuming the order gets triggered and executed at the limit price of Rs. 155 per share, the following charges will apply:

Brokerage: Zerodha charges a brokerage fee of 0.03% or Rs. 20 per executed order, whichever is lower. In this case, assuming the trade value is Rs. 15,500 (100 shares x Rs. 155 per share), the brokerage fee will be Rs. 4.65 (0.03% of Rs. 15,500).
Exchange Transaction Charges: These are charges levied by the exchange and depend on the exchange where the trade is executed. For example, for the National Stock Exchange (NSE), the exchange transaction charge is 0.00325% of the trade value. In this case, assuming the trade value is Rs. 15,500, the exchange transaction charge will be Rs. 0.50 (0.00325% of Rs. 15,500).
Securities Transaction Tax (STT): STT is levied by the government and is 0.1% of the transaction value for delivery-based trades and 0.025% of the transaction value for intraday trades. In this case, assuming you are making a delivery-based trade, the STT will be Rs. 15.50 (0.1% of Rs. 15,500).
Goods and Services Tax (GST): GST is charged at 18% on the brokerage and exchange transaction charges. In this case, assuming the total brokerage and exchange transaction charges are Rs. 5.15 (Rs. 4.65 + Rs. 0.50), the GST will be Rs. 0.93 (18% of Rs. 5.15).

Therefore, the total charges that will apply when your Zerodha GTT order gets triggered and executed at the limit price of Rs. 155 per share will be Rs. 21.58 (Rs. 4.65 + Rs. 0.50 + Rs. 15.50 + Rs. 0.93).