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Tuesday, March 22, 2016

Capital Gain Taxation for Mutual Funds in 2016

 

Capital Gain Taxation Long Term (LTCG)

 

Equity schemes


Nil


Nil


Nil


 

Debt schemes



10% without indexation or 20% with indexation whichever is lower + 3% Cess



10% without indexation or 20% with indexation whichever is lower + 5% surcharge + 3% Cess


10% without indexation or 20% with indexation whichever is lower + 3% Cess


Without Indexation


10.30%

10.815%

10.30%

 


With Indexation


20.60%

21.63%

20.60%

 

Short Term (STCG)

Equity schemes     

                                           

  15%+3% cess

= 15.45%                      

15%+5%surcharge*+

3% Cess =16.22%

15% + 3%Cess

=15.45%

Debt schemesAs per Slab rates** 30%+5% surcharge * + 3% Cess As per Slab rates**

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1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

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4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

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