The rates are for the Financial Year (FY) 2011 - 2012
Dividend and Capital gain taxation from June 1, 2011
Dividend
| |
Individuals |
Corporates* |
NRI** |
| Equity Schemes |
Tax free |
Tax free |
Tax free |
| Debt Schemes |
Tax free |
Tax free |
Tax free |
Dividend Distribution Tax [Payable by the scheme]
| |
Individuals |
Corporates* |
NRI** |
| Equity schemes *** |
Nil |
Nil |
Nil |
| Debt schemes |
13.519%
(12.5% + Surcharge @ 5% + Edu.Cess @3%) |
32.445%
(30% + Surcharge @ 5% + Edu.Cess @3%
|
13.519%
(12.5% + Surcharge @ 5% + Edu.Cess @3%) |
| Liquid and Money Market Schemes |
27.038%
(25% + Surcharges @ 5% + Edu.Cess @3%) |
32.445%
(30% + Surcharges @ 5% + Edu.Cess @3%) |
27.038%
(25% + Surcharges @ 5% + Edu.Cess @3%) |
Long Term Capital Gains [Units held for more than 12 months]
| |
Individuals |
Corporates* |
NRI** |
| Equity schemes *** |
Nil |
Nil |
Nil |
| Debt schemes |
10%
(OR 20% with indexation), whichever is lower + 3% Edu.Cess
|
10%
(OR 20% with indexation), whichever is lower + surcharge @ 5% + 3% Edu.Cess |
10%
(OR 20% with indexation), whichever is lower + 3% Edu.Cess |
| Without Indexation |
10.30% |
10.815% |
10.30% |
| With Indexation |
20.60% |
21.63% |
20.60% |
Short term Capital Gains [Units held for 12 months or less]
| |
Individuals |
Corporates* |
NRI** |
| Equity schemes *** |
15.45%
(15% + 3% Edu.Cess) |
16.223%
(15% + surcharge @ 5% + 3% Edu.Cess) |
15.45%
(15% + 3% Edu.Cess) |
| Debt schemes |
30.90%
(30% + 3% Edu.Cess)
|
32.445%
(30% + surcharge @ 5% + 3% Edu.Cess) |
30.90%
(30% + 3% Edu.Cess) |
Tax Deducted at Source (TDS) – Applicable only to NRI Investors
| |
Short Term Capital Gains |
Long Term Capital Gains |
| Equity |
15.45% |
NIL |
| Debt |
30.9%
|
20.6% ^
(^ after providing for indexation) |
* For Foreign Corporates the applicable tax rate is 40% + surcharge @ 2.5% + cess @ 3 % i.e. 42.33%.
** The short term / Long term Capital Gain tax will be deducted at the time of redemption in case of NRI investors only.
***STT @ 0.25% will be deducted on equity funds at the time of redemption and switch to the other schemes.
Disclaimer
"The information provided here is sourced from Third parties and while the content is believed to be correct, the AMC, the Trustees, the Fund or any of their affiliates or representatives do not assume any responsibility for the accuracy of such information. Investors are requested to kindly consult their tax advisors for ascertaining tax liability."