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 cent | Not 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 tax | 20% with indexation |
Dividend Income from funds
Type of investment | Dividend tax |
Equity and Equity-oriented Hybrid Funds | None |
All Other Funds | 25%* |
* 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
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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