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How to Calculate Tax on Mutual Funds-Easy Solution - ArthikDisha
Income Tax on Mutual Funds at a glance Short Term Capital Gains or STCG for equity or Balanced or Hybrid funds are taxed @15%; Long Term Capital Gains or LTCG for equity or Balanced or Hybrid funds are taxed @10% if the gains exceed Rs.1 Lakh in a financial year; Short Term Capital Gains or STCG for Debt Mutual funds are taxed as per the existing income tax slab; Long Term Capital Gains or LTCG for Debt Mutual funds are Taxable @20% with Indexation benefit.