Mutual fund tax rate?

can anyone out there help me with the tax rates for mutual funds in india, pleeeeeeeeeeeeeeze its urgent

Unlisted mutual funds:

Short Term Capital Gains (Less than 12 months holding)= Will be added to your income and the tax slabs will depend on your other income.

Say all your other income+ this income put together is tax free:
1) If you are Male/HUF with less than 1 lakh
2) If you are a female with1.35 Lakhs
3) If you are a Senior Citizen with 1.85 lakhs.

More than above income, you have to pay tax as per slab rates.

Long term Capital gains: (Holding More than 12 months)
The gain is taxable @10% flat. (20% flat if you opt for indexation. But it is better not to index for mutual funds income. When there is a loss then Index is better show more loss)

If the mutual fund units are listed/Transaction Tax paid one, then the short term Capital gains will be taxed @10% flat & Long Term Capital gains are free of Tax.

xxx

This is an Indian investment website for NRIs - Non Resident Indians(NRIs) & Person of India Origin(PIOs) living anywhere in the world to do investments in Indian Mutual Funds online... and do investment in indian stock markets online.

http://www.nriinvestindia.com/

http://www.nriinvestindia.com/how_to_inv...

http://www.nriinvestindia.com/nri_tax_on...

Tags

　　Online Investment 　　Online Business 　　Offshore Investment 　　Mutual Fund 　　Money Market Funds 　　Money Investment 　　Managed Fund 　　Make Money

Related information

I purchased an index mutual fund, but I don't see it changing with the market like I do my 401K mutual funds.

Mutual funds normally only reprice once per day. Are your 401K funds exchange traded funds (ETFs)? Then you'd see the quotes on them as the day progressed...which would be the prices on the ...

Are mutual fund dividends credited in 401k accounts?

yes and they are automatically reinvested for you in the percentages you originally chose. for example A fund 60%, B fund 30% C fund 10%. when a company does a dividend (no schedule for that) it ...

What mutual fund to sell?

Hi, here is a collection of informative articles about investing. a free online investing tutorial for you. ...

Mutual Fund ideas?

Try international funds for high risk and return.Check out VFWIX.Be sure to do your own research and pick a fund that is good for you. Best of luck, EB

...

What is Mutual Fund ,Mid-cap?(India)?

it is an investment where your money is invested in several different projects, thereby reducing the risk of loses. example, some of the money might go into real estate, some into technology etc. I...

Can Mutual Fund Birla Sunlife Tax relief 96 be claimed u/s 80C deduction?

Yes, iT IS A TAX SAVING FUND & It is GOOD FUND IN tAX SAVING CATEGORY There are other funds too in this category, refer below link ...

Which mutual fund would you rather own between the two, JAGIX or FFIDX, and why?

I Like the Fidelity fund better. I compare the 10 years charts and they are pretty much move in the same pattern. Even though the Janus fund had a great year 2000 but it loses steam just as fast....

Which Mutual fund would you choose?

Hey Top, Although the PRMTX is doing better this year, it is what is known as a "sector fund". It only invests in companies in the media and telecom industries. PRGSX is a "glob...