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#1
13th July 2021, 11:59 PM
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How income tax in calculated on UTI and Mutual Fund investments?
Explain the tax on income by UTI or mutual fund if suppose I am investing 1 lac in each of them annually from my salary? How income tax is calculate on those two?
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#2
31st August 2021, 10:22 PM
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Re: How income tax in calculated on UTI and Mutual Fund investments?
STCG from equity-oriented mutual fund schemes are taxed at 15% (plus applicable surcharge and cess). On the other hand, LTCG is taxed at 10% (plus applicable surcharge and cess) for gains exceeding Rs. 1 lakh a financial year in respect of LTCG from equity shares and equity-oriented mutual funds, taken together.
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