Tax rates for equity and non equity schemes of axis mutual fund

28/8/2014 Tax rates for equity and non-equity schemes of Axis Mutual Fund

https://www.axismf.com/Products/Mutual-Fund-Taxation.aspx 1/1

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Mutual Fund Taxation FY 2014 - 15

(Subject to enactment of the Finance Bill, 2014)

Equity Schemes

Short Term Capital GainsTax (holding period <=12

months) 1

Long Term Capital GainsTax (holding Period > 12

months)1

SecuritiesTransaction

Tax

Dividend DistributionTax

Resident

Individual/HUF

15% Nil 0.001% Nil

Domestic Company

15% Nil 0.001% Nil

Non-Resident

Individual

15% TDS5 Nil 0.001% Nil

Non-equity Schemes

Short Term Capital GainsTax(holding period <=36

months)1

Long Term Capital GainsTax (holding Period > 36

months)1

SecuritiesTransaction

Tax

Dividend Distribution

Tax3,4

ResidentIndividual/HUF 30%2 20% with Indexation Nil

Debt/Money MarketScheme - 25%

Infrastructure DebtScheme - 25%

Domestic Company 30% 20% with Indexation Nil

Debt/Money MarketScheme - 30%

Infrastructure DebtScheme - 30%

Non-ResidentIndividual

30% TDS

Listed schemes -20%TDS with Indexation

Unlisted schemes -10%TDS without Indexation

Nil

Debt/Money MarketScheme - 25%

Infrastructure DebtScheme - 5%

1. Applicable surcharge and education cess on the above tax rates. Resident Individual/HUF Domestic Company Non-Resident Individual

Surcharge / Education CessIncome less than 1

crore0% / 3% 0% / 3% 0% / 3%

Income exceeding1 crore upto 10

crores10% / 3% 5% / 3% 10% / 3%

Income exceeding10 crores

10% / 3% 10% / 3% 10% / 3%

2. Assuming the investor falls in highest bracket 3. For dividends declared after 1 October 2014, the mode of calculation of distributed income u/s 115R has beenmodified which shall result in higher effective rate of DDT 4. Surcharge of 10% and education cess of 3% applicable. 5. In case Investors do not have a PAN, TDS will be 20%

Disclaimer: This document is meant for information only and does not consititute any legal or tax advice. Investors areadvised to consult their tax consultants to know the consequences of tax, if any. Income Tax benefits to the mutual fund& to the unit-holder are in accordance with prevailing tax law. the investor shall be solely responsible for any actiontaken based on this document. Axis Mutual Fund, Axis Asset Management Co.Ltd., Axis Mutual Fund Trustee Ltd., andit's associates shall not be liable in any manner for the consequences of such action taken by the investor. Theinformation contained herein is not ended as an offer or solicitation for the purchase and sale of any of the schemes ofAxis Mutual Fund.

Mutual fund investments are subject to market risks. Read the Scheme Information Documentand Statement of Additional Information carefully before investing.

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