Docs Category: Taxation and Financial Planning

The gain arising from mutual funds are taxable as Capital Gain Tax. The tax rates vary basis the holding period of the investor (Short Term or Long Term). Gain from sale of equity-oriented mutual fund units held over 1 year are considered as Long Term Capital Gains. The gainsexceeding ₹ 1.25 lakh in a financial

Yes. Investment done in Equity Linked Savings Scheme (ELSS) funds qualify for tax deductions up to ₹1.5 lakh under Section 80C of Income Tax Act. ELSS funds are equity-oriented mutual funds with a 3-year lock-in period. This benefit is applicable if you choose the old tax regime only.