"Dividend and Capital gain taxation in the hands of investors in Mutual Fund Schemes from 1 April 2010 (The Finance Bill, 2010 has received assent from the President on 8 May 2010)"

"Dividend and Capital gain taxation in the hands of investors in Mutual Fund Schemes from 1 April 2010 (The Finance Bill, 2010 has received assent from the President on 8 May 2010)"

For Individuals 

1. Dividend in Equity Scheme ======================Tax Free

2. Dividend in Debt Scheme   ======================Tax Free

Dividend Distribution Tax in Equity Schemes                        ==========           NIL

Dividend Distribution Tax in Money market and liquid funds ========== 25%+7.5%Surcharge+3%cess= 27.68%
Dividend Distribution Tax in other schemes                         ==========12.5%+7.5%Surcharge+3%cess=13.84%


Long Term Capital Gains (units hold more than one year)
Equity Funds                                                         NIL      but 0.25%STT(Security Transaction Tax) will be deducted in case of equity funds
Debt Funds 
Without Indexetion                                                           10.30%
    with Indexetion                                                            20.60%


**10% without indexetion or 20%  with indexetion whichever is lower + 3% cess