Mutual Fund Tax Calculator

Fund Type

Note: For equity funds, long-term is defined as >12 months. For debt funds, long-term is defined as >36 months.

Transaction Details

Date of Purchase

Date of Sale

Financial Details

Purchase Value

Sale Value

Other Expenses

How Mutual Fund Tax is Calculated(Effective 23rd July, 2024)

In India, the capital gains tax on mutual funds depends on the type of fund and the holding period:

Equity Mutual Funds (>65% in Indian equities)

Short Term (≤12 months): 20% tax on gains under Section 111A
Long Term (>12 months): 12.5% tax on gains exceeding ₹1,25,000 per financial year under Section 112A (without indexation)

Debt Mutual Funds (<65% in Indian equities)

Short Term (≤36 months): Taxed as per your income tax slab rate
Long Term (>36 months): 20% with indexation benefit under Section 112

This calculator helps you determine whether your mutual fund investment qualifies as long-term or short-term based on the fund type and calculates the applicable tax accordingly.