Tax Reckoner 2014-15

The rates are applicable for the financial year 2014-15.

Tax Implications on Divien receive by !nit holers from a "#t#al $#n
Inivi#al% &!$ Domestic 'ompany (RI
Divien
All schemes Tax Free
Tax on istrib#te income )payable by the scheme* rates++
Equity oriented schemes
*
Nil Nil Nil
Other than equity oriented
schemes
25% + 10% Surchare + !% "ess

!0% + 10% Surchare + !% "ess

25% + 10% Surchare + !% "ess

# 2$%!25%

# !!%&&%

# 2$%!25%


* Securities transaction tax (STT) will be deducted on equity oriented scheme at the time of redemption/ switch to the other schemes/ sale of
units. Mutual Fund would also pay securities transaction tax wherever applicable on the securities sold.

**
As per the Finance Act, 2014 for the purpose of determining the tax payable, the amount of distributed income be increased to such amount as
would, after reduction of tax from such increased amount, be equal to the income distributed by the Mutual Fund. This provision is effective from
1 October 2014 and the impact of the same has not been reflected above.


'apital ,ains Taxation
Inivi#al% &!$
-
Domestic 'ompany
.
(RI
-% /

0on1 Term 'apital ,ains
//

23#ity oriente schemes Nil Nil Nil



4ther than e3#ity oriente
schemes )0iste*
Applicability on or before 10
th
July, 2014
10% 'ithout indexation or 20% 'ith
indexation 'hiche(er is lo'er + 10%
Surchare + !% "ess
10% 'ithout indexation or 20% 'ith
indexation 'hiche(er is lo'er + 10%
Surchare + !% "ess
10% 'ithout indexation or 20%
'ith indexation 'hiche(er is
lo'er + 10% Surchare + !%
"ess
Without Indexation =11.33% =10.815% or 11.33% = 11.33%
With Indexation =22.66% = 21.63% or 22.66% = 22.66%

4ther than e3#ity oriente
schemes )!nliste*
Applicability on or before 10
th
July, 2014
10% 'ithout indexation or 20% 'ith
indexation 'hiche(er is lo'er + 10%
Surchare + !% "ess
10% 'ithout indexation or 20% 'ith
indexation 'hiche(er is lo'er + 10%
Surchare + !% "ess
10% without indexation + 10%
Surcharge + 3% Cess
Without Indexation = 11.33% =10.815% or 11.33% = 11.33%
With Indexation = 22.66% = 21.63% or 22.66% = Not Applicable

4ther than e3#ity oriente
schemes
Applicability from 11
th
July, 2014
)isted 20% 'ith indexation + 10%
Surchare + !% "ess
20% with indexation + 10%
Surcharge + 3% Cess
20% with indexation + 10%
Surcharge + 3% Cess

= 22.66% = 21.63% or 22.66% = 22.66%
*nlisted 20% with indexation + 10%
Surcharge + 3% Cess
20% with indexation + 10%
Surcharge + 3% Cess
10% without indexation + 10%
Surcharge + 3% Cess

= 22.66% = 21.63% or 22.66% = 11.33%
5hort Term 'apital ,ains
///

Equity oriented schemes
15%+ 10% Surcharge + 3% Cess
15% + Surcharge as applicable +
3% Cess
15% + 10% Surcharge

+ 3%
Cess
= 16.995% = 16.223% or 16.995% = 16.995%
+ther than equity oriented
schemes
30%^ + 10% Surcharge + 3%
Cess
30% + Surcharge as applicable +
3% Cess
30%^+ 10% Surcharge + 3%
Cess
= 33.99% =32.445% or 33.99% =33.99%







Tax De#cte at 5o#rce )6pplicable only to (RI Investors*
5hort term capital 1ains 0on1 term capital 1ains
Equity oriented schemes 1,%&&5% Nil
+ther than equity oriented schemes -)isted. !!%&&%/ 22%,,%

+ther than equity oriented schemes -*nlisted. 33.99%/ 11.33%

0 - Surchare at the rate o1 10% is le(ied in case o1 indi(idual2 3*F unit holders 'here their income exceeds 4s 1 crore%

5 6 Surchare at the rate o1 5% is le(ied 1or domestic cor7orate unit holders 'here the income exceeds 4s 1 crore 8ut less than 4s 10 crores and at the rate o1 10%9 'here
income exceeds 4s 10 crores%

: 6 Short term2 lon term ca7ital ain tax 'ill 8e deducted at the time o1 redem7tion o1 units in case o1 N4; in(estors only%

::6 For units sold on or 8e1ore 10th <uly 201= > ?eriod o1 holdin more than 12 months@ and
For units sold 1rom 11
th
<uly 201= > ?eriod o1 holdin 1or units o1 equity oriented mutual 1und schemes more than 12 months and in case o1 other units more than !, months

:::6 For units sold on or 8e1ore 10
th
<uly 201= > ?eriod o1 holdin less than or equal to 12 months@ and
For units sold 1rom 11
th
<uly 201= > ?eriod o1 holdin 1or units o1 equity oriented mutual 1und schemes less than or equal to 12 months and in case o1 other units less than or
equal to !, months

/ 6 Assumin the in(estor 1alls into hihest tax 8racAet%

Education "ess at the rate !% 'ill continue to a77ly on tax 7lus surchare

Divien 5trippin17 The loss due to sale o1 units in the schemes -'here di(idend is tax 1ree. 'ill not 8e a(aila8le 1or seto11 to the extent o1 the tax 1ree di(idend declared@ i1
units areB-A. 8ouht 'ithin three months 7rior to the record date 1ixed 1or di(idend declaration@ and -C. sold 'ithin nine months a1ter the record date 1ixed 1or di(idend
declaration%

8on#s 5trippin17 The loss due to sale o1 oriinal units in the schemes9 'here 8onus units are issued9 'ill not 8e a(aila8le 1or set o11@ i1 oriinal units areB -A. 8ouht 'ithin
three months 7rior to the record date 1ixed 1or allotment o1 8onus units@ and -C. sold 'ithin nine months a1ter the record date 1ixed 1or allotment o1 8onus units% 3o'e(er9 the
amount o1 loss so inored shall 8e deemed to 8e the cost o1 7urchase or acquisition o1 such unsold 8onus units%





























9ersonal Tax 5cenarios )6mo#nt in R#pees*
9ersonal Tax 5cenarios )6mo#nt in R#pees*

1. Income Tax Rates

$or Inivi#als: &in# !nivie $amily: 6ssociation of 9ersons:
8oy of Inivi#als an 6rtificial ;#riical 9ersons

Total Income Tax Rates
*7 to 4s% 2509000
-a. -8.
N;)
4s% 2509001 to 4s% 5009000
-c.

-d.
10%
4s% 5009001 to 4s% 190009000
-d.
20%
4s% 190009001 and a8o(e
-d. -e.
!0%

-a. ;n the case o1 a resident indi(idual o1 the ae o1 ,0 years or a8o(e
8ut 8elo' $0 years9 the 8asic exem7tion limit is 4s !009000%
-8. ;n case o1 a resident indi(idual o1 ae o1 $0 years or a8o(e9 the
8asic exem7tion limit is 4s 5009000%
-c. A re8ate o1 4s%29000 1or indi(idual ha(in total ;ncome u7to 4s% 5
laAhs
-d. Education cess is a77lica8le 5 !% on income tax 7lus surchare
-e. Surchare 5 10% is a77lica8le on income exceedin 4s 1 crore@
Darinal relie1 1or such 7erson is a(aila8le

2. 5ec#rities Transaction Tax )5TT*

STT is le(ied on the (alue o1 taxa8le securities transactions as under%
Transaction Rates 9ayable
by
?urchase2 Sale o1 equity shares
0%1%
?urchaser2
Seller
?urchase o1 units o1 equity oriented
mutual 1und -deli(ery 8ased . on
reconiEed stocA exchane
Nil
?urchaser
Sale o1 units o1 equity oriented
mutual 1und -deli(ery 8ased . on
reconiEed stocA exchane
0%001%
Seller
Sale o1 equity shares9 units o1 equity
oriented mutual 1und -non6deli(ery
8ased.
0%025%

Seller
Sale o1 an o7tion in securities 0%01F% Seller
Sale o1 an o7tion in securities9
'here o7tion is exercised
0%125%
?urchaser
Sale o1 a 1utures in securities 0%010% Seller
Sale o1 units o1 an equity oriented
1und to the Dutual Fund
0%001%
Seller


<. 5pecial rates for non-resients

-1. The 1ollo'in incomes in the case o1 non6resident are taxed at
s7ecial rates on ross 8asisB
Transaction Rates
-a.

Gi(idend
-8.
20%
;nterest recei(ed on loans i(en in 1orein
currency to ;ndian concern or Ho(ernment o1
;ndia%
20%
;ncome recei(ed in res7ect o1 units
7urchased in 1orein currency o1 s7eci1ied
Dutual Funds 2 *T;
20%
4oyalty or 1ees 1or technical ser(ices 25%
;nterest income 1rom a noti1ied in1rastructure
de8t 1und
5%
;nterest on F""C9 F"EC 2 Gi(idend on
HG4s-8.
10%

-a. These rates 'ill 1urther increase 8y a77lica8le surchare and
education cess%
-8. +ther than di(idends on 'hich GGT has 8een 7aid%
-c. ;n case the non6resident has a ?ermanent Esta8lishment -?E. in
;ndia and the royalty2 1ees 1or technical ser(ices 7aid is e11ecti(ely
connected 'ith such ?E9 the same could 8e taxed at =0% -7lus
a77lica8le surchare and education cess. on net 8asis%




-2. Tax on non6resident s7ortsmen or s7orts association on s7eci1ied
income 5 20% 7lus a77lica8le surchare and education cess%

4. 'apital ,ains

Transaction 5hort-term capital
1ains
)a*

0on1-term capital
1ains
)a*)b*

Sale transactions o1 equity
shares and unit o1 an equity
oriented 1und 8oth o1 'hich
attract STT

15%

Nil
Sale transaction other than
mentioned a8o(eB

;ndi(iduals -resident and non6
residents.
?roressi(e sla8
rates
20% 2 10%
?artnershi7s -resident and non6
residents.
!0%
4esident com7anies !0%
+(erseas 1inancial oraniEations
s7eci1ied in section115AC
=0% -cor7orate.
!0% -non cor7orate.
10%
F;;s !0% 10%
+ther Forein com7anies =0% 20% 2 10%
)ocal authority !0% 20% 2 10%
"o6o7erati(e society rates ?roressi(e sla8
-a. These rates 'ill 1urther increase 8y a77lica8le surchare I education cess%
-8. ;ndexation 8ene1it9 as a77lica8le%
-c. Forein currency con(ersion 8ene1it9 as a77lica8le



Inivi#al Income 0evel
500:000 5:000:000 11:000:000
Tax in FJ 201!61= !09&00 19!,&9&00 !95=,92&0
Tax in FJ 201=615 259F50 19!,=9F50 !95=09,25
E11ecti(e Tax Sa(ins 59150 59150 59,,5
E11ecti(e Tax Sa(ins 1,%,F% 0%!$% 0%1,%
Additional Tax Curden NA NA NA
Additional Tax Curden NA NA NA

Resient senior citi=en
)a1e of >0 years b#t
belo? @0 years*
Income 0evel
500:000 5:000:000 11:000:000
Tax in FJ 201!61= 259F50 19!,=9F50 !95=09,25
Tax in FJ 201=615 209,00 19!5&9,00 !95!=9&,0
E11ecti(e Tax Sa(ins 59150 59150 59,,5
E11ecti(e Tax Sa(ins 20% 0%!$% 0%1,%
Additional Tax Curden NA NA NA
Additional Tax Curden NA NA NA

Resient very senior
citi=en at the a1e of @0
years an above
Income 0evel
500:000 5:000:000 11:000:000
Tax in FJ 201!61= Nil 19!!&9000 !95129!00
Tax in FJ 201=615 Nil 19!!&9000 !95129!00
E11ecti(e Tax Sa(ins NA NA NA
E11ecti(e Tax Sa(ins NA NA NA
Additional Tax Curden NA NA NA
Additional Tax Curden NA NA NA

Darinal relie1 as a77lica8le 'ould 8e a(aila8le





NotesB

1) The tax rates mentioned above are those provided in the Income tax Act, 1961 and amended as per Finance Act, 2014, applicable for the financial
ear 2014!1" relevant to assessment ear 201"!16# In the event of an chan$e, %e do not ass&me an responsibilit to &pdate the tax rates conse'&ent
to s&ch chan$es# The tax rates mentioned above ma not be exha&stive rates applicable to all tpes of assesses (taxpaers#

2) The tax rates mentioned above are onl intended to provide $eneral information and are neither desi$ned nor intended to be a s&bstit&te for
professional tax advice# Applicabilit of the tax rates %o&ld depend &pon nat&re of the transaction, the tax conse'&ences thereon and the tax la%s in
force at the relevant point in time# Therefore, &sers are advised that before ma)in$ an decision or ta)in$ an action that mi$ht affect their finances or
b&siness, the sho&ld ta)e professional advice#

*) A non!resident tax paer has an option to be $overned b the provisions of the Income tax Act, 1961 or the provisions of the relevant +TAA,
%hichever is more beneficial# As per the provisions of the Income tax Act, 1961, s&bmission of tax residenc certificate ,-T./0) alon$ %ith From 1o# 10F
%ill be necessar for $rantin$ +TAA benefits to non!residents# A taxpaer claimin$ +TAA benefit shall f&rnish a T./ of his residence obtained b him
from the 2overnment of that co&ntr or specified territor# F&rther, in addition to the T./, the non!resident ma be re'&ired to provide s&ch other
doc&ments and information s&bse'&entl, as ma be prescribed b the Indian Tax A&thorities#

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS
CAREFULLY.

Disclaimer The information set out in the Tax Reckoner 2014-15 (the document) is for general uroses onl! and is not an
offer to sell or a solicitation to "u!#sell an! units of schemes of mutual fund$ The information set out is neither a comlete
disclosure of e%er! material fact of the &ncome-tax 'ct( 1)*1 nor does constitute tax or legal ad%ice$ &n%estors should "e
a+are that the fiscal rules# tax la+s ma! change and there can "e no guarantee that the current tax osition ma! continue
indefinitel!$ &n %ie+ of the indi%idual nature of the tax conse,uences( each in%estor is ad%ised to consult his# her o+n
rofessional tax ad%isor$ The information# data herein alone is not sufficient and shouldnt "e used for the de%eloment or
imlementation of an in%estment strateg! and should not "e construed as in%estment ad%ice$ &n%estors alone shall "e full!
resonsi"le # lia"le for an! decision taken on the "asis of this document$ -either ./01 2utual 0und nor ./01 'sset
2anagement 1oman! 3imited nor an! erson connected +ith it accets an! lia"ilit! arising from the use of this
information or udation of this information$ The in%estors should "efore in%esting in the 4cheme(s) of ./01 2utual 0und
make his#their o+n in%estigation and seek aroriate rofessional ad%ice$