WebApr 10, 2024 · To calculate the HRA exemption, follow the formula prescribed by the Income Tax Department. The formula says that the exemption should be the lowest of the following amounts: Actual HRA received. Actual rent per month minus 10% of basic monthly salary, or. 50% of basic salary (40% in case of non-metro residents) WebTaxability of Mutual Fund Income under Income Tax Act: Mutual fund majorly is of two types: (1) Equity Oriented Mutual Fund: a. Regular Income: If mutual fund invests atleast 65% in Equity funds ...

Latest Mutual Fund Taxation Rules (2024 2024): How Mutual …

WebWhile it is prudent to invest through mutual funds, it is also important to understand the tax aspects of it. One can receive two types of income from a mutual fund investment- first is dividend and second is capital gain/loss at the time of sale. Both have different tax implications. It also depends upon the type of scheme, equity or non-equity, and the … WebJul 19, 2024 · Income from dividends is classified as income from ‘Other Sources’, accordingly, for AY 2024-22, the same may be reported in ‘Schedule OS’, under head ‘gross income chargeable to tax at ... blank church sign

How to Calculate Taxable Income on Salary HDFC Bank

WebFeb 1, 2024 · The Capital Gain Mutual Fund Taxation FY 2024-22 / AY 2024-23 will be as per the below table. There is no change in Capital Gain Tax Rates from the last year. Hence, the old rates will be applicable for FY 2024-22 also. Note -Surcharge @ 15%, is applicable where the income of Individual/HUF unit holders exceeds Rs. 1 crore. WebJun 28, 2024 · All dividends received on or after 1 April 2024 will be taxable in the hands of … WebJan 5, 2024 · Association of Mutual Funds of India Registered Mutual Fund Distributor ARN:103168. ... Mutual Fund distributor with AMFI Registration No. ARN:103168 SEBI Registered Investment Advisor INA200005323 Finwizard Technology Private Limited CIN number : U74900KA2015PTC080747 francais interactif pdf