I have retired from a private company and do not have any pension. I am getting monthly dividend from my investments in MF. Do i have to pay income tax on this income?
Menu
Post retirement Income Tax applicability on monthly MF dividends
Replies (3)
Yes. Over any gain.
Ok, thanks. Will it be considered under tax slab or it is "flat deduction" even if total income is under 3 lakh per anum?
Depends upon type of MF scheme. If it is equity MF, It will be considered under flat deduction but after overcrossing the exemption limit. E.g. If your total gain is 4 lakhs, so only 1 lakh will be taxed at special rate.
For non equity MF schemes it will be at slab rate.
Recent Threads
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
- After filing form 71 For TDS mismatch
- UNCLAIMED TDS REFUND QUERY
Related Threads
CAclubindia
