WebApr 20, 2024 · The following table shows STCG and LTCG tax rates for mutual funds: Type of Mutual Funds: STCG Tax: LTCG Tax: Equity funds: 15% : Gains above Rs. 1,00,000 are taxed at a rate of 10%: Debt funds: As per the tax slab applicable for the investor: 20% (with indexation benefit) Hybrid equity-oriented funds: WebThe tax rate on short-term capital gain on Mutual Funds, therefore applicable, is the same as the slab rate to which total taxable income belongs. Suppose Mr Anil, who is 45 years of …
New income tax rules from 1st April 2024 for surcharge on LTCG …
WebFeb 6, 2024 · Further, a new Section 112A of Income Tax Act was introduced to levy a 10% income tax on Long Term Capital Gains on the sale of equity shares, equity mutual funds, … WebThe phrase “capital gain” denotes any profit that one earns on the sale of an asset like stocks, mutual funds, gold, real estate, etc. Now per the Income Tax Act, not everything qualifies as a... pentair 125 000 btu pool heater
How to calculate Capital Gains Tax on Shares - LTCG & STCG
WebFeb 21, 2024 · Short term capital gains (STCG) are the profits that you earn when you sell off your capital assets before one year of holding those. Note that the holding period varies … WebIntuitively, while long term capital gains (LTCG) refers to a longer holding perspective, at the shorter end is short term capital gains (STCG). Obviously, the government wants to … WebApr 15, 2024 · Large-cap mutual funds invest in companies having a capitalization of more than INR 20,000 in India and the amount will differ from country to country. These are the top 100 companies in the stock ... pentair 150 sq ft pool filter