FOR RESIDENTS AND NON-RESIDENTS
(For investments redeemed on or after 23rd July 2024)
| Mutual Fund Scheme Category | Holding period (To qualify for LTCG) | STCG Tax | LTCG Tax |
|---|---|---|---|
| Equity oriented MF (>= 65% Domestic Equity Shares) | |||
| Investments redeemed on or after 23 July 2024 | >12 months | 20% | 12.50% |
| Specified MF / Debt oriented MF (FoF & ETF) (>= 65% SEBI Regulated Debt and Money Market) | |||
| Investments before 1st April 2023 | |||
| Redeemed between 1st April 2024 and 22nd July 2024 | >36 months | Slab rate | 20%* |
| Redeemed on or after 23rd July 2024 (Holding period for ETF for LTCG >12 month) | >24 months | Slab rate | 12.50%* |
| Investments after 1st April 2023 – Redeemed any time | Not Applicable | Slab rate | Slab rate |
| Multi-Asset Allocation Fund (>= 65% Debt) | |||
| Redeemed between 1st April 2024 and 22nd July 2024 | >36 months | Slab rate | 20%* |
| Redeemed on or after 23 July 2024 | >24 months | Slab rate | 12.50%* |
| Other MFs (Gold & Silver ETFs, FOFs, International – Funds/FOFs) | |||
| Investments before 1st April 2023 | |||
| Redeemed between 1st April 2024 and 22nd July 2024 | >36 months | Slab rate | 20%* |
| Redeemed on or after 23rd July 2024 (Holding period for ETF for LTCG >12 month) | >24 months | Slab rate | 12.50%* |
| Investments after 1st April 2023 | |||
| Redeemed between 1st April 2024 and 22nd July 2024 | Not Applicable | Slab rate | Slab rate |
| Redeemed between 23rd July 2024 to 31st March 2025 | Not Applicable | Slab rate | Slab rate |
| Redeemed on or after 1st April 2025 (Holding period for ETF for LTCG >12 month) | >24 months | Slab rate | 12.50%* |
Notes: The above rates are exclusive of surcharge and cess. No change in surcharge and cess rates. *With Indexation. Tax rates for st non-residents is at par with residents. The definition of specified mutual fund has been amended starting 1 April 2025 i.e changed from investing total proceeds in not more than 35% in equity shares of domestic companies to investing more than 65% of its total proceeds in debt & money market instruments. We have considered the amendment in the above table. Capital gain exemption of \1,00,000 on transfer of equity oriented MFs u/s 112A has been increased to ₹1,25,000 w.e.f 23rd July 2024.
Disclaimer: We are not tax consultants and nor do we provide any tax or legal advice The information provided to you has been prepared on the basis of our past experience and information available in the public domain. Request you to kindly consult with your own tax or professional advisors for any tax or legal matter. The company or its employees accept no responsibility for any loss suffered by any investor as a result of the said information