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Taxation of Mutual Fund for Individuals & HUF

Hello Investors,

Here is the taxability of Mutual fund schemes which are mentioned here under:


Particulars

Residents / HUF

Dividend Schemes

30% + Surcharge as applicable + 4% cess

Notes : TDS @ 10% will be charges on receipt above 5000 Rs in financial Year

 

 

Equity Oriented Scheme

 

Long Term capital gain (Unit hold for more than 12 Months)

10% without indexation + Surcharge as applicable + 4% cess

Short Term capital gain (Unit hold for less than 12 Months)

15%  + Surcharge as applicable + 4% cess

 

 

Other than Equity oriented Schemes

 

Long Term capital gain (Unit hold for more than 36 Months)

20% with indexation + Surcharge as applicable + 4% cess

Short Term capital gain (Unit hold for less than 36 Months)

30%  + Surcharge as applicable + 4% cess

Note: During Covid Pandemic the TDS rate is reduced from 10% to 7.5% till further notice.

I wish the said information is useful for everyone.

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