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Tax Rate

The rates are for the Financial Year (FY) 2012 - 2013



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%)


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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%

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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."


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