Mutual Fund Tax Rates for FY 2013-14

As per Finance Bill 2013, the DDT applicable for debt funds has increased from 12.5 per cent to 25 per cent for individuals and HUFs.

DDT applicable to any person other than an individual or HUF i.e. a firm, or a company, continues to be 30 per cent.

This new rate is applicable from June 1, 2013 on dividends declared on or after June 1, 2013.

Securities Transaction Tax has been reduced on equity schemes and exchange traded funds to 0.001 per cent for the financial year 2013-14 from June 1, 2013.

Refer this

http://mutual-funds-personalfin.blogspot.in/2013/07/securities-transaction-tax-stt-paid-on.html

Tax is deducted at source (TDS) when processing redemptions and switch outs for Non-Resident Indians (NRIs) only. There is no change in the existing TDS rates, but a new surcharge of 10 per cent has been introduced if the income exceeds Rs 1 crore for NRI investors.