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tax liability from mutual fund earning

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Question:

What is my tax liabilities from the loss or profit from my mutual fund investments from differenent types of schemes like equity, balanced, or monthly income plans (all ‘GROWTH’ options). Please give details if the investments are for more than a year or not. How TAX is calculated? If I do not have taxable income from my salary then do I have to pay tax from the gain of mutual funds?

 

Answer:

We suggest you subscribe to our Tax Tutorial; all aspects of personal taxation are explained in a simple and concise manner: http://www.investmentyogi.com/Tutorials/Taxes/Welcome.aspx

You may find this useful: http://www.investmentyogi.com/taxes/income-tax-rates-fy-2012-13-ay-2013-14-ready-reckoner.aspx

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