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Tax Matters Made Easy – 2009-10… Ready Mutual Fund Tax Reckoner Individual/HUF Corporate NRI* Capital
Tax Matters Made Easy – 2009-10…
Ready Mutual Fund Tax Reckoner
Individual/HUF
Corporate
NRI*
Capital Gains Taxation
Long Term Capital Gains (Investments for more than 12 months)
Equity Schemes #
Nil
Nil
Nil
Debt Schemes
Lower of 10% with indexation
Lower of 10% with indexation
Lower of 10% with indexation
or 20% without indexation
or 20% without indexation
or 20% without indexation
+ 3% Cess
+ 10% Surcharge + 3% Cess
+ 3% Cess
Without Indexation
10.30%
11.33%
10.30%
With Indexation
20.60%
22.66%
20.60%
Short-Term Capital Gains (Investments for equal to or less than 12 months)
Equity Schemes #
15% + 10% Surcharge
15% + 3% Edu. Cess
15% + 3% Cess
+
3% Cess
=
15.45%
=
16.995%
=
15.45%
Debt Schemes
30% + 10% Surcharge
30% + 3% Edu. Cess
30% + 3% Cess
+
3% Cess
=
30.90%
=
33.99%
=
30.90%
Tax Structures on Dividends declared
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
=
14.16%
=
22.66%
=
14.16%
Liquid and Money-
25%+10% Surcharge+3% Cess
25%+10% Surcharge+3% Cess
25%+10% Surcharge+3% Cess
market Schemes
= 28.325%
=
28.325%
= 28.325%
* The short-term and long-term capital gain tax will be deducted at the time of redemption of units in case of NRI investors only
# STT of 0.25% to be applicable at the time of redemption and switch to other schemes
Tax Deducted at Source (TDS) - Applicable to NRI Investors only
Categories
Short-term
Long-term
Equity
15.45%
Nil
Debt
30.90%
20.60% post indexation
1. Income Tax Rates a. Surcharge and Education cess applicable extra For Individuals, HUFs and
1. Income Tax Rates
a. Surcharge and Education cess applicable extra
For Individuals, HUFs and Body of Individuals
b. Other than dividends on which DDT has been paid
Total Income
Tax Slabs c
Up to Rs. 160,000 a,b
Nil
Rs. 160,001 to Rs. 300,000
10%
(2) Tax on non-resident sportsmen or sports associa- tion on
specified income @ 10% plus applicable sur-charge and
education cess.
Rs. 300,001 to Rs. 500,000
20%
4. Capital Gains
Rs. 500,001 and above
30%
STCG 1
LTCG 2
a. In case of women below 65 years of age, the limit is Rs 190,000. b.
Particulars
rates
rates
Incase of a resident indivudal above 65 years of age, the limit is Rs
Sale of equity shares/unit of an
240,000. c. Education cess is applicable @ 3 per cent on all net tax paid.
equity oriented fund which
15.0%
Nil
attracts STT
2. Securities Transaction Tax (STT)
STT is levied as per the following transactions
Sale transaction other than
mentioned above:
Rates
Payable By
Individuals (resident & non-
Tax Slab
20% with
Purchase/Sale of equity shares,
residents)
rates
indexation
Buyer/
equity oriented Mutual Fund
0.125%
and 10%
Seller
units (Delivery based)
Firms including LLP (resident &
non-residents)
30.0%
without
Sale of Equity shares and equity-
Resident Companies
30.0%
indexation
oriented Mutual Fund units
0.025%
Seller
40%
(Non-Delivery based)
Overseas financial institutions
specified in section 115AB
(Corporate) /
10%
30%(Non-
Sale of an option in Securities
0.017%
Seller
Corporate)
Sale of an option in Securities,
FIIs
30.0%
10%
0.125%
Buyer
where option is exercised
Other Foreign Institutions
40.0%
20%/10%
Sale of futures in Securities
0.017%
Seller
Local authority
30.0%
Sale of equity oriented Mutual
0.25%
Seller
Tax Slab
Fund(MF) units
Co-operative society rates
rates
20% with ind-
exation and
10% without
indexation
1 Short-term capital gains, 2 Long-term capital gains;
3. Tax rates for Non-Resident Individuals (NRIs)
Surcharge and Education Cess applicable
(1) The following incomes in the case of non-resident are
taxed at special rates on gross basis:
Personal tax Scenarios
Nature of Incomes
Rates a
Income Level
Dividend b
20.0%
Individual
5,00,000
1,000,000
1,500,000
Interest received on loans given
Income Tax (Rs.)
55,620
210,120
364,620
in foreign currency to Indian
20.0%
Income Level
concern or Government of India
Resident women
below 65 years
5,00,000
1,000,000
1,500,000
Income received in respect of
Income Tax (Rs.)
52,530
207,030
361,530
units purchased in foreign
20%
currency of specified MFs/UTI
Resident women
below 65 years
Income Level
5,00,000
1,000,000
1,500,000
@ 20% b/w May 31, 97
Income Tax (Rs.)
47,380
201,880
356,380
Royalty or fees for technical
and June 01,05
services
@ 10% on or after June
For an easy and simple tax calculations, make use of
01, 05
our Income Tax Calculator:
Interest on FCCB, FCEB/Dividend
http://www.rupeetalk.com/Calculator/income-tax-calculator.php
10.0%
on GDRs b
Disclaimer: The information mentioned above is for general information purposes only & it does not provide any tax advice. Individuals and other intermediaries are
Disclaimer: The information mentioned above is for general information purposes only & it does not provide any tax advice. Individuals and other

advised to consult his/her own tax consultants before taking any final decision on income tax payments. Income tax benefits related to mutual fund investments are

?ntermediaries are advised to consult his/her own tax consultants before taking any final decision on income tax payments. Income tax benefits

in accordance with the prevailing tax laws applicable in India.

related to mutual fund investments are in accordance with the prevailing tax laws applicable in India.

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