Dear sir,
My friend get INR 14000/- (7000+7000)every month from Mutual Fund through SWP (Systematic Withdrawal Plan).
How we calculate Tax .
thanking you
A Systematic Withdrawal Plan (SWP) in mutual funds allows investors to withdraw a fixed amount or a specific number of units from their mutual fund investments at regular intervals. This provides a steady stream of income, making it an ideal option for retirees or those seeking periodic income from their investments. SWPs offer flexibility in terms of the withdrawal amount and frequency, and can help in managing cash flow needs while keeping the remaining investment growth potential intact.
Copy to know more: https://www.kotak.com/en/stories-in-focus/mutual-funds/what-is-swp.html
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