Vinay (Manager) (30 Points)
12 July 2024I have retired from a private company and do not have any pension. I am getting monthly dividend from my investments in MF. Do i have to pay income tax on this income?
Vinay
(Manager)
(30 Points)
Replied 12 July 2024
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 12 July 2024
Depends upon type of MF scheme. If it is equity MF, It will be considered under flat deduction but after overcrossing the exemption limit. E.g. If your total gain is 4 lakhs, so only 1 lakh will be taxed at special rate.
For non equity MF schemes it will be at slab rate.
CAclubindia
