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Thursday, November 26, 2015

Capital Gains Tax from Mutual Funds Investing

 

Capital Gains from Mutual Funds

Equity and Equity-oriented Hybrid Funds

Short-term holdings (less than one year)Long-term holdings (more than one year)
Taxed as short-term capital gains, currently 15 per centNot Taxed

All Other Funds

Short-term holdings (less than three years)Long-term holdings (more than three years)
Taxed as per applicable marginal rate of tax20% with indexation

Dividend Income from funds

Type of investmentDividend tax
Equity and Equity-oriented Hybrid FundsNone
All Other Funds25%*
* for individuals and HUF, plus surcharge as applicable and 3% education cess

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

Invest in Tax Saver Mutual Funds Online

Invest Online

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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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