$ - Surcharge at the rate of 15% is levied in case of individual/ HUF unit holders where their income exceeds Rs 1 crore.
@ - Surcharge at the rate of 7% is levied for domestic corporate unit holders where the income exceeds Rs 1 crore but less than 10 crores and at the rate of 12%, where income exceeds 10 crores.
# - Short term/ long term capital gain tax will be deducted at the time of redemption/switches of units in case of NRI investors only.
^ - Assuming the investor falls into highest tax bracket.
Education Cess at the rate 3% will continue to apply on tax plus surcharge
Dividend Stripping: The loss due to sale of units in the schemes (where dividend is tax free) will not be available for set off to the extent of the tax free dividend declared; if units are:(A) bought within three months prior to the record date fixed for dividend declaration; and (B) sold within nine months after the record date fixed for dividend declaration
Bonus Stripping: The loss due to sale of original units in the schemes, where bonus units are issued, will not be available for set off; if original units are: (A) bought within three months prior to the record date fixed for allotment of bonus units; and (B) sold within nine months after the record date fixed for allotment of bonus units. However, the amount of loss so ignored shall be deemed to be the cost of purchase or acquisition of such unsold bonus units.
Mutual Fund investments are subject to market risks, read all scheme related