Taxation


 

What are the taxes applicable for income from Mutual Funds for NRIs?

 
 

Dividends
 

Dividends

NRI

Equity schemes

Tax free

Debt schemes

Tax free
 

 
 

Dividend Distribution Tax
 

Dividend Distribution Tax

NRI

Equity schemes

Nil

Debt schemes

14.163%

(Tax + Surcharge + Cess)

(12.5% + 10% + 3%)

Money market and Liquid schemes

28.325%

(Tax + Surcharge + Cess)

(25% + 10% + 3%)

 

 
 

Capital Gains Tax
 

Long Term Capital Gains Tax

NRI

Equity schemes

Nil

Debt schemes

10% without indexetion or 20% with indexetion whichever is lower

With Indexetion

11.33% (10% Tax + 10% Surcharge + 3% Cess)

Without Indexetion

22.66% (20% Tax + 10% Surcharge + 3% Cess)
 

Short Term Capital Gains Tax

NRI

Equity schemes

17% (15% Tax + 10% Surcharge + 3% Cess)

Debt schemes

33.99% (30% Tax + 10% Surcharge + 3% Cess)

 

 

 

 

 

 

 

 

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