How would systematic investment plans would be taxed after budget 2024

While capital gains tax on equity shares and equity mutual funds has increased, investors will find relief in the reduced tax rates on fund, gold ETFs and international funds. With the increase in tax on the short term capital gains and long term capital gains on equity-oriented funds announced in the union budget, a systematic investment plan of RS 90,000 for 60 months in equity funds would result in a higher capital gains tax outgo for RS 94,095 against RS 77,456 at present. Under unpleasant situation the mutual fund investors, the government has increased STCG and LTCG on equity-oriented funds. The union budget on 23rd July hiked the STCG tax on equity mutual funds to 20% from the current 15%. However there is relief for the government who has increased the exemption limit for LTCG tax to RS 1.25 lakh from RS 1 lakh in financial year. As old tax regime beneficial primarily for those with significantly higher tax deduction.

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How would systematic investment plans would be taxed after budget 2024

While capital gains tax on equity shares and equity mutual funds has increased, investors will find relief in the reduced tax rates on fund, gold ETFs and international funds. With the increase in tax on the short term capital gains and long term capital gains on equity-oriented funds announced in the union budget, a systematic investment plan of RS 90,000 for 60 months in equity funds would result in a higher capital gains tax outgo for RS 94,095 against RS 77,456 at present. Under unpleasant situation the mutual fund investors, the government has increased STCG and LTCG on equity-oriented funds. The union budget on 23rd July hiked the STCG tax on equity mutual funds to 20% from the current 15%. However there is relief for the government who has increased the exemption limit for LTCG tax to RS 1.25 lakh from RS 1 lakh in financial year. As old tax regime beneficial primarily for those with significantly higher tax deduction.

read more