Tax Corner
Tax on dividend declared by debt-oriented funds

  Dividend Income Dividend DistributionTax – Other than Liquid /Money Market Schemes Dividend DistributionTax – Liquid /Money Market Schemes
2007-08 2008-09 2007-08 2008-09 2007-08 2008-09
Resident individual/HUF Tax free 14.1625% (12.50% + 10% surcharge + 3% education cess) 14.1625% (12.50% + 10% surcharge + 3% education cess) 28.325% (25% + 10% surcharge + 3% education cess) 28.325% (25% + 10% surcharge + 3% education cess)
Partnership firm/AOP/BOI Tax free 22.66% (20% + 10% surcharge + 3% education cess) 22.66% (20% + 10% surcharge + 3% education cess) 28.325% (25% + 10% surcharge + 3% education cess) 28.325% (25% + 10% surcharge + 3% education cess)
Domestic company Tax free
NRI Tax free 14.1625% (12.50% + 10% surcharge + 3% education cess) 14.1625% (12.50% + 10% surcharge + 3% education cess) 28.325% (25% + 10% surcharge + 3% education cess) 28.325% (25% + 10% surcharge + 3% education cess)

  • Surcharge for Resident Indians, Domestic companies and NRIs:
          For Individuals, Hindu Undivided Family (HUF), Body of Individuals (BOI) and Association of Persons (AOP), 10% surcharge on tax payable if income exceeds Rs 1 m. For others including corporate bodies, 10% surcharge on tax payable

  • Taxation of Capital Gains earned on Debt Funds
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