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what is the rate of income tax on the maturity value of mutual funds?

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I have recieved Rs. 3,82,283 as maturity of mutual funds after >3 years of investment of Rs.3,16,000 in different scheemes of Mutual Funds in the Market
Pl let me know the income tax liability.
DVK
asked Mar 10, 2011 in Mutual Funds by anonymous  
    

 
 

 

1 Answer

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Since you've hold your investments for more than 1 year of time, the entire profit comes under long-term capital gains tax viz. NIL. So, enjoy the tax-free profit.

Hope it will help you.
Admin
http://www.investmentkit.com
answered Mar 12, 2011 by admin (47,360 points)   5 7 12

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