Investment ( Mutual funds, long term investment, tax saving plans )
Kashif Bashir
Investment ( Mutual funds, long term investment, tax saving plans )
TAX BENEFITS OF INVESTING IN MUTUAL FUNDS
Capital Gains Tax is calculated at the rates given below:
Category
Stock Fund
MM/ Income/ other Funds and REITs
Filer
Non-Filer
Filer
Non-Filer
Company
10%
10%
25%
25%
Individuals/ AOPs
10%
10%
10%
15%
For stock fund only:
- If dividend income is > Capital Gain, Tax rate will be 10%
- If dividend income is < Capital Gain, Tax rate will be 12.5%
Capital gain is exempt if units are held for more than 4 years.