Tax Rate
The rates are for the Financial Year 2011-12
Dividend and Capital gain taxation from 1st April 2011
| |
Individual/ HUF |
Domestic Company |
NRI * |
| Dividend |
| Equity Schemes |
Nil |
Nil |
Nil |
| Debt Schemes |
Nil |
Nil |
Nil |
| Dividend Distribution Tax |
| Equity Schemes** |
Nil |
Nil |
Nil |
| Debt Schemes |
12.5% + 5% Surcharge + 3% Cess |
30% + 5% Surcharge + 3% Cess |
12.5% +5% Surcharge + 3% Cess |
| |
= 13.519% |
= 32.445% |
= 13.519% |
| Liquid and Money Market Schemes |
25% + 5% Surcharge + 3% Cess |
30% + 5% Surcharge + 3% Cess 25 |
25% + Surcharges @ 7.5% + Cess @3% |
| |
= 27.038% |
= 32.445% |
= 27.038% |
| Long Term Capital Gains |
| 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 + 5% Surcharge + 3% Cess |
10% without indexation or 20% with indexation whichever is lower + 3% Cess |
| Without Indexetion |
= 10.300% |
= 10.815% |
= 10.300% |
| With Indexetion |
= 20.600% |
= 21.630% |
= 20.600% |
| Short term Capital Gains |
| Equity Schemes** |
15% + 3% Cess |
15% +5% Surcharge + 3% Cess |
15% + 3% Cess |
| |
= 15.450% |
= 16.223% |
= 15.450% |
| Debt Schemes |
30% + 3% Cess^ |
30% +5% Surcharge + 3% Cess |
30% + 3% Cess^ |
| |
= 30.900% |
= 32.445% |
= 30.900% |
* 1 . STT @ 0.25% will be deducted on equity funds at the time of redemption and switch to the other schemes
* 2. For Foreign Corporates the applicable tax rate is 40% + surcharge @ 2.5% + cess @ 3 % i.e. 42.33%
* 3. The short term / Long term Capital Gain tax will be deducted at the time of redemption in case of NRI investors only
| |
Short Term |
Long Term |
| Equity |
15.450% |
NIL |
| Debt |
30.900% |
20.600% |
Disclaimer
"The information set out above is included for general information purposes only & does not constitute legal or tax advice. In view of the individual nature of the tax consequences, each investor is advised to consult his or her own tax consultant with respect to specific tax implications arising out of their participation in the Scheme. Income Tax benefits to the mutual fund & to the unitholder is in accordance with the prevailing tax laws as certified by the mutual funds tax consultant. Any action taken by you on the basis of the information contained herein is your responsibility alone. Mirae Asset Mutual Fund will not be liable in any manner for the consequences of such action taken by you. The information contained herein is not intended as an offer or solicitation for the purchase and sales of any schemes of Mirae Asset Mutual Fund."