Sub Broker Income Calculator — Estimate Your Earnings in 2026

How much can you actually earn as a sub broker in India? Plug in your numbers below and find out. The calculator uses real commission slabs from 15 brokers and accounts for typical operating costs. Adjust any input to see your earnings update live.

How this calculator works

The calculator runs three layers of math to estimate your real take-home as a sub broker.

Layer 1: Total brokerage generated

Active clients × average brokerage per client per month = total monthly brokerage flowing through your AP code. Industry data shows the average active retail client generates ₹1,500–₹3,000 in monthly brokerage; the slider default is ₹2,000.

Layer 2: Revenue share applied

Every broker has a slab structure — your share rises as your generated brokerage rises. The calculator selects the right slab based on your total brokerage and your chosen broker. For example, at ₹2 lakh monthly brokerage, Angel One pays around 65% revenue share, while Zerodha caps at around 30–40%.

Layer 3: Operating costs deducted

Part-time / home-based: ₹2,000–₹5,000/month (phone, internet, basic compliance).
Solo with small office: ₹30,000–₹50,000/month (rent, one staff, tech).
Team with 3–4 staff: ₹1.5–3 lakh/month (rent, salaries, MTF, compliance officer).

Layer 4: Mutual fund trail (optional)

If you also distribute mutual funds (most full-service AP partnerships allow this), you earn ~1% trail commission per year on AUM. The calculator adds this on top of brokerage income. A ₹10 Cr MF book adds about ₹8,000–₹10,000/month in passive income — and it grows with the market even when your clients aren’t actively trading.

How to read your result honestly

Three reality checks:

• Active clients is the hard number. Most aspiring sub brokers wildly overestimate how many active clients they’ll have at month 6. A realistic Year 1 target is 30–60 active clients; Year 2 target is 80–150. “Active” means at least 5 trades per month — clients who open an account and never trade don’t generate brokerage.
• Average brokerage drops as you scale. Your first 20 clients are usually friends and family who trade casually (₹500–₹1,000/month). Your later clients, recruited through marketing, tend to be more active (₹2,000–₹4,000/month). Use ₹1,500/month as a conservative average for early-stage planning.
• Top-slab revenue share is hard to reach and easy to lose. Most APs sit in the middle slab (50% at full-service brokers, 30–40% at discount brokers). Don’t plan on the top slab in your first year.

What the calculator doesn’t include

For full transparency, here’s what’s not in the math:

• Insurance, PMS, NCD, IPO and other product commissions. Full-service brokers let APs sell these, but earnings are highly variable. Treat them as upside.
• GST. Above ₹20 lakh annual income you must register for GST; commission income is taxed at 18% GST which your clients (the broker) effectively bears, but compliance is on you.
• Income tax. Outputs are pre-tax. Plan for 20–30% tax depending on slab and structure.
• Client churn. The model assumes your client count is stable; in reality, 15–20% annual churn is normal. Replace clients, or income shrinks.

Want to dig deeper?

If the numbers look attractive, here are your next reads:

• Complete sub broker franchise guide — the full pillar with comparison tables and decision frameworks
• Sub broker franchises without deposit — if capital is your main constraint

Disclaimer: This calculator provides estimates only. Real earnings vary based on factors not captured here including client retention, market conditions, broker slab-retention rules, individual operating efficiency, and tax structure. Figures are based on public broker partner program disclosures verified May 2026 and may change without notice. Always verify commercial terms directly with the broker before signing any partnership agreement. TheBestStockBroker.com is not a SEBI-registered investment adviser; this is educational content only.