29 March 2016
If its an equity mutual fund or equity oriented mutual fund, there is no tax for gains arised out of units sold after 12 months of purchase.
If the units are sold earlier than 12 months of purchase, there will be a STCG tax payable at the rate of 15%.
If its a debt mutual fund or debt oriented mutual fund, there is 20% tax for gains arised out of units sold after 36 months of purchase (after doing indexation).
If the units are sold earlier than 36 months of purchase, it will be clubbed with income and taxed as per slab rate.
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