|
Tax Slab |
2010-11 |
||
|
|
|
|
|
|
Income Slabs (Rs.) |
From |
To |
Tax Rates (%) |
|
|
|
|
|
|
Males |
|
|
|
|
|
_ |
160,000 |
Nil |
|
|
160,001 |
500,000 |
10 |
|
|
500,001 |
800,000 |
20 |
|
|
800,001 |
_ |
30 |
|
Females |
|
|
|
|
|
_ |
190,000 |
Nil |
|
|
190,001 |
500,000 |
10 |
|
|
500,001 |
800,000 |
20 |
|
|
800,001 |
_ |
30 |
|
Senior Citizens |
|
|
|
|
|
_ |
240,000 |
Nil |
|
|
240,001 |
500,000 |
10 |
|
|
500,001 |
800,000 |
20 |
|
|
800,001 |
_ |
30 |
* Surcharge
is not applicable.
* Education Cess is applicable @3%
on income-tax.
Tax
Implication on Dividend
|
|
Individual/
HUF |
Corporates |
NRI* |
|
Dividend |
|||
|
Equity schemes |
Tax
free |
Tax
free |
Tax
free |
|
Debt schemes |
Tax
free |
Tax
free |
Tax
free |
|
Dividend
Distribution Tax (Payable by the scheme |
|||
|
Equity schemes ** |
Nil |
Nil |
Nil |
|
Debt schemes |
12.5% + 10% Surcharge + 3% Cess |
20% + 10% Surcharge + 3% Cess |
12.5% + 10% Surcharge + 3% Cess |
|
=
14.163% |
=
22.660% |
=
14.163% |
|
|
Money market and Liquid schemes |
25%
+ 10% Surcharge + 3% Cess |
25%
+ 10% Surcharge + 3% Cess |
25%
+ 10% Surcharge + 3% Cess |
|
=
28.325% |
=
28.325% |
=
28.325% |
|
Capital
Gain Taxation
|
Long
Term Capital Gains (Units held for more than 12 months) |
|||
|
Equity schemes ** |
Nil |
Nil |
Nil |
|
Debt schemes |
10%
without indexation or 20% with indexation whichever is lower +
3% Cess |
10%
without indexation or 20% with indexation whichever is lower + 10% Surcharge
+ 3% Cess |
10%
without indexation or 20% with indexation whichever is lower + 3% Cess |
|
Without indexation |
=
10.300% |
=
11.330% |
=
10.300% |
|
With indexation |
=
20.600% |
=
22.660% |
=
20.600% |
|
Short
Term Capital Gains (Units held for 12 months or less) |
|||
|
Equity schemes ** |
15%
+ 3% Cess |
15%
+10% Surcharge + 3% Cess |
15%
+ 3% Cess |
|
=
15.450% |
=
16.995% |
=
15.450% |
|
|
Debt schemes |
30%
+ 3% Cess^ |
30%
+10% Surcharge + 3% Cess |
30%
+ 3% Cess^ |
|
=
30.900% |
=
33.990% |
=
30.900% |
|
*The
short term/long term capital gain tax will be deducted at the time of
redemption of units 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
Mutual Fund would also pay securities transaction tax
wherever applicable on the securities bought / sold
^Assuming
the investor falls into the highest tax bracket
Capital
Gains
|
Particulars |
Short-term capital gains tax rates (a) |
Long-term capital gains tax rates (a) |
|
|
15% |
Nil |