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Tax Guide

TAX RATES FOR INDIVIDUALS / HUFs, CORPORATES & NRI's FOR VARIOUS MUTUAL FUND SCHEMES

Long Term Capital Gains

  Individuals / HUF's Corporates NRI's
Equity Schemes ** Nil Nil Nil
Debt Schemes 20% with indexation + 10% surcharge + 3% Cess = 22.6600% 20% with indexation + 10% surcharge + 3% Cess = 22.6600% Listed Units - 20% with indexation + 10% surcharge + 3% Cess = 22.6600%

Unlisted Units – 10% with indexation + 10% surcharge + 3% Cess = 11.6600%
Without Indexation 10% + applicable (surcharges + education cess + secondary & higher secondary education cess) TDS Nil 10% + applicable (surcharges + education cess + secondary & higher secondary education cess) TDS Nil 20% + applicable (surcharges + education cess + secondary & higher secondary education cess) TDS Nil
With Indexation 20% + applicable (surcharges + education cess + secondary & higher secondary education cess) TDS Nil 10% + applicable (surcharges + education cess + secondary & higher secondary education cess) TDS Nil 20% + applicable (surcharges + education cess + secondary & higher secondary education cess) TDS Nil

Short Term Capital Gains

  Individuals / HUF's Corporates NRI's
Equity Schemes **
15% + 10% surcharge + 3% Cess
= 16.9950%

15% + 10% surcharge + 3% Cess
= 16.9950%

15% + 10% surcharge + 3% Cess
= 16.9950%
Debt Schemes As per slab rates 30% + 10% surcharge + 3% Cess As per slab rates

Dividend Distribution Tax

  Individuals / HUF's Corporates NRI's
Equity Schemes ** Nill Nill Nill
Debt Schemes 25% + 10% surcharge + 3% Cess 30% + 10% surcharge + 3% Cess 25% + 10% surcharge + 3% Cess
Money Market and Liquid Schemes Applicable from 1 Oct, 2014

37.77%
(25% + 10% surcharge + 3% educ. cess)on gross basis
Applicable from 1 Oct, 2014

48.56%
(30% + 10% surcharge + 3% educ. cess)on gross basis
Applicable from 1 Oct, 2014

37.77%
(25% + 10% surcharge + 3% educ. cess)on gross basis
** STT @ 0.25% will be deducted on equity funds at the time of redemption and switch to the other schemes

TAX DEDUCTION AT SOURCE (TDS) - ONLY IN THE CASE OF NRI

The short term / long term capital gain tax will be deducted at the time of redemption of units

in case of NRI investors only at the following rates:

  Short Term Long Term
Equity
15% + 10% surcharge + 3% Cess = 16.9950%
Nil
Debt 30%+ 10% surcharge + 3% Cess = 33.9900% 20% with indexation + 10% surcharge + 3% Cess = 22.6600% for Listed units.

10% with indexation + 10% surcharge + 3% Cess = 11.3300% for Unlisted units.

CAPITAL GAINS ON MUTUAL FUND SCHEMES

SHORT TERM GAINS

If units of a mutual fund scheme are held for less than twelve months any capital gain arising from the sale of such units is treated as short-term capital gains.

LONG TERM GAINS

If units of a mutual fund scheme are held for more than twelve months any capital gain arising from the sale of such units is treated as long-term capital gains.

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