Mutual Fund Taxation in India – Quick Overview
Equity Mutual Funds
• STCG (holding up to 12 months): generally taxed at 20%.
• LTCG (holding over 12 months): generally taxed at 12.5% on gains exceeding ₹1.25 lakh in a financial year.
Debt Mutual Funds
• Purchase date is crucial: tax rules differ before and after 1 April 2023.
• Purchased on or after 1 April 2023: gains are generally taxed at your income tax slab rate, regardless of holding period.
• Purchased before 1 April 2023 and held for more than 24 months: may qualify for LTCG at 12.5% without indexation.
• Purchased before 1 April 2023 and held for 24 months or less: typically taxed at slab rates.
• No indexation benefit under current rules.
Important Disclaimer:
This calculator is for educational purposes only and does not constitute tax, legal, or financial advice. Actual taxation may vary based on asset type, holding period, treaty benefits, surcharge, cess, TDS, and future changes in tax laws. Please consult a qualified tax advisor before making investment, redemption, or repatriation decisions.
Equity Mutual Funds
• STCG (holding up to 12 months): generally taxed at 20%.
• LTCG (holding over 12 months): generally taxed at 12.5% on gains exceeding ₹1.25 lakh in a financial year.
Debt Mutual Funds
• Purchase date is crucial: tax rules differ before and after 1 April 2023.
• Purchased on or after 1 April 2023: gains are generally taxed at your income tax slab rate, regardless of holding period.
• Purchased before 1 April 2023 and held for more than 24 months: may qualify for LTCG at 12.5% without indexation.
• Purchased before 1 April 2023 and held for 24 months or less: typically taxed at slab rates.
• No indexation benefit under current rules.
Important Disclaimer:
This calculator is for educational purposes only and does not constitute tax, legal, or financial advice. Actual taxation may vary based on asset type, holding period, treaty benefits, surcharge, cess, TDS, and future changes in tax laws. Please consult a qualified tax advisor before making investment, redemption, or repatriation decisions.
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