Dividend Distribution Tax @ 10% is already being taken by the government from this financial year 2018-19, before distribution of monthly dividend of Balanced Mutual Funds payout into the bank account.
So, even after such subtraction every month, if an individual earns a total of Rs. 5 lac annually, then, is this 5 lac income taxable according to slab rate basis ? Or this 5 lac earned is completely exempted income ?
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