*Note: Tax rate and holding period mentioned (for column “Now”) in this table are illustrative and not final. Depending on the acquisition and redemption date the tax rate and period of holding may differ, as elaborated in below table.
Source: Whiteoak Capital Mutual Fund
Also note: LTCG exemption of Rs. 100,000 (annually) on transfer of listed equity shares, equity oriented MFs u/s 112A is proposed to be increased to Rs. 125,000 (annually).
^ In additional to the rates mentioned above, additional Surcharge and Cess will be levied as applicable. ^^ In a case where the fund invests in the units of another fund which is traded on a recognised stock exchange,: (A) a minimum of ninety per cent of the total proceeds of such fund is invested in the units of such other fund; and (B) such other fund also invests a minimum of ninety per cent of its total proceeds in the equity shares of domestic companies listed on a recognised stock exchange. **Applicable to the extent classified as “Specified Mutual Fund” as per earlier definition.
***Applicable to the extent not classified as “Specified Mutual Fund” as per new definition. Source: Union Budget 2024 (23rd July 2024). The tax rates are provided based on the proposals in the Finance (No. 2) Bill, 2024 and are subject to change. The said proposals have not yet been enacted and are subject to passage of the bill by the Parliament and Presidential Assent thereafter. The information provided above has been prepared on the basis of internal understanding on the subject. Investors are requested to consult their tax consultant to understand individual nature of tax implications. Investment in Mutual Funds is subject to market and various other risks and there are various factors that can impact the performance of the scheme. It is advisable to consult with your financial advisor to understand these factors before investing. #The definition of specified mutual fund is proposed to be amended with effect from 1st April 2026 (therefore shall apply from AY 2026-27 i.e. financial year 2025-26) and above tables have considered the amendment for ease of understanding. STCG/LTCG = Short/Long Term Capital Gain.
Source: Whiteoak Capital Mutual Fund