Capital gains on mutual funds

Rajesh,

12 months' period is considered for all type of equity schemes to determine the nature of Gain / loss.

Currenty

LTCG from Equity Scheme is Exempt subjevt to payment of STT (deducted by MFs) and STCG from Equity scheme is taxable @ 15% (Previously it was 10%).

LTCG from Debt scheme is taxable @ 20% (if indexation benefit is availed) or @ 10% (if indexation benefit is not availed) and STCG from Debt scheme is taxable as per the normal tax rate slab in which assessee concern falls.

Dividend Income from all mutual fund schemes is exempt in the hands of investors 

For summarised note on MF taxation, please refer following file: /share_files/files_display.asp?files_id=6695

Thanks

Abhinav

Thanks Abhinav

I have some LTCG for Debt schemes I am not sure what is indexation  are there any calculators available or step by step procudure for calculation

I found one in Kotak website pls have a look at it if its ok

https://www.kotaksecurities.com/calc/capgainsMF.html

regards
Rajesh