| | Resident Individual/ HUF | Domestic Company | Non-resident Indian (NRI)** |
| Long term Capital gains |
| Equity Oriented Schemes@ (units held for more than 12 months) | 10% without indexation + Surcharge as applicable^ + 4% cess | 10% without indexation + Surcharge as applicable^^ + 4% cess | 10% without indexation + Surcharge as applicable^ + 4% cess |
| Other than equity oriented schemes (units held for more than 36 months) - Listed | 20% with indexation + Surcharge as applicable^ + 4% cess | 20% with indexation + Surcharge as applicable^^ + 4% cess | 20% with indexation + Surcharge as applicable^ + 4% cess |
| Other than equity oriented schemes (units held for more than 36 months) - Unlisted | 20% with indexation + surcharge as applicable^ + 4% Cess | 20% with indexation + surcharge as Applicable^^ + 4% Cess | 10% without indexation and foreign currency fluctuation benefits + surcharge as applicable^ + 4% Cess |
| Short term Capital gains |
| Equity Oriented Schemes@ (units held for 12 months or less) | 15% + Surcharge as applicable^ + 4% cess | 15% + Surcharge as applicable^^ + 4% cess | 15% + Surcharge as applicable^ + 4% cess |
| | | | |
| Other than equity oriented schemes (units held for 36 months or less) | 30%$ + Surcharge as applicable^ + 4% cess | 30% / 25%# / 22~ / 15~+ surcharge as applicable^^ + 4%Cess | 30%$ + Surcharge as applicable^ + 4% cess |
| Receipt of dividend |
| Equity Oriented schemes | Nil | Nil | Nil |
| Other than equity oriented schemes | Nil | Nil | Nil |
| Rates of Dividend Distribution Tax payable by the scheme* |
| Equity Oriented schemes | 10% basic tax on grossed up basis + 12% surcharge + 4% cess | 10% basic tax on grossed up basis + 12% surcharge + 4% cess | 10% basic tax on grossed up basis + 12% surcharge + 4% cess |
| Other than equity oriented schemes (i.e. money market mutual fund, liquid fund, debt fund) | 25% basic tax on grossed up basis + 12% surcharge + 4% cess | 30% basic tax on grossed up basis + 12% surcharge + 4% cess | 25% basic tax on grossed up basis + 12% surcharge + 4% cess |
Note :
The above Tax Structure is applicable for Financial Year 2019-20.
* - For the purpose of determining the tax payable, the amount of distributed income shall be increased to such amount as would, after reduction of tax on such increased amount, be equal to the income distributed by the Mutual Fund. The impact of the same has not been reflected in the table.
** - Short term/ long term capital gain tax will be deducted at the time of redemption of units in case of non-residents (other than FPIs).
@ - Securities transaction tax (STT) will be deducted on equity oriented scheme at the time of redemption/ switch to the other schemes/ sale of units. Mutual fund would also pay STT wherever applicable on the securities sold.
^ - In case of Individual, HUF, AOP, BOI, AJP, the Finance (No. 2) Act, 2019 read with the Taxation Laws (Amendment) Ordinance, 2019 provides for -(a) surcharge at 10% where income exceeds Rs 50 lakhs but does not exceed Rs. 1 crore and surcharge at 15% where income exceeds Rs. 1 crore but does not exceed Rs. 2 crores (including capital gains u/s 111A and 112A); (b) surcharge at the rate 25% where income exceeds Rs. 2 crores but does not exceed Rs. 5 crores and surcharge at 37% where income exceeds Rs. 5 crores (excluding capital gains u/s 111A and 112A); (c) surcharge at 15% where income exceeds Rs. 2 crores (including capital gains u/s 111A and 112A) and not covered in (b)
^^ - Surcharge at the rate of 7% of the tax amount is levied for domestic corporate unit holders where the income exceeds Rs 1 crore but less is than Rs 10 crores and at the rate of 12% of the tax amount where income exceeds Rs 10 crores.
$ - Assuming the investor falls into highest tax bracket.
~ - The Taxation Laws (Amendment) Ordinance, 2019 provided for corporate tax rates for domestic companies (not claiming specified incentives and deductions) at the rate of 22% u/s 115BAA and domestic manufacturing companies (not claiming specified incentives and deductions) set-up and registered on or after 1 October 2019 at the rate of 15% u/s 115BAB. Surcharge at the rate of 10% applicable.
# - If total turnover or gross receipts during the financial year 2017-18 does not exceed Rs.400 crores.
The above table is a summary for the Tax rates applicable for FY 2019-20. For detailed information, please refer the file below.
Click here for more details.