Tax Implications For Mutual Fund Investors
As amended by the Finance Act 2008

 
Capital Gains
Capital Gains
Dividend
Income
Dividend Distribution Tax
Equity Schemes
Other Schemes
Equity
Schemes
Liquid
Schemes
Other
Schemes
Short term
Long term
TDS
Short term
Long term
TDS
All Schemes
     
Resident Individual / HUF
15%
Nil
Nil
As per slab
10% (20% with indexation)
Nil

Tax Free

Nil
28.325% (25% + 10% surcharge +
3% education cess)
14.1625% (12.5% + 10% surcharge +
3% education cess)
Partnership Firms
15%
Nil
Nil
30%
10% (20% with indexation)
Nil
Tax Free
Nil
28.325% (25% + 10% surcharge +
3% education cess)
22.66% (20% + 10% surcharge +3% education cess)
AOP / BOI
15%
Nil
Nil
As per slab
10% (20% with indexation)
Nil
Tax Free
Nil
28.325% (25% + 10% surcharge +
3% education cess)
22.66% (20% + 10% surcharge +3% education cess)
Domestic Companies
15%
Nil
Nil
30%
10% (20% with indexation)
Nil
Tax Free
Nil
28.325% (25% + 10% surcharge +
3% education cess)
22.66% (20% + 10% surcharge +3% education cess)
NRI's
15%
Nil
STCG - 16.999 % (15%+10% surcharge + 3% education cess) ;
LTCG - Nil
As per slab
10% (20% with indexation)
STCG - 30% LTCG - 20% ( After providing for indexation
Tax Free
Nil
28.325% (25% + 10% surcharge +
3% education cess)
14.1625% (12.5% + 10% surcharge +
3% education cess)
 
»
Tax Deducted at Source
»
Hindu Undivided Family
»
Association of Persons / Body of Individuals
»
Non Resident Indian

Surcharge
For Individuals, HUF, AOP / BOI
:
10% of surcharge on tax payable, if total income exceeds Rs. 10 Lacs.
For Resident Corporate Unit Holders
:
10% of surcharge on tax payable, if total income exceeds Rs. 1 Crore.
For Partnership Firms
:
10% of surcharge on tax payable, if total income exceeds Rs. 1 Crore.
Education Cess
Education Cess is Levied at the rate of 3% calculated on tax payable plus surcharge