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Tax Benefits on Mutual Funds - Money Doctor Show English | EP 140

Primarily you can avail  3 types of tax benefits when you invest in Mutual Funds. They are

1. Tax Deductions: Under section 80c of income tax act up to one lakh fifty thousand you can invest in Mutual funds and you can claim tax benefit. However, this is applicable only to ELSS plans.

2. Tax Exemption: When you invest in equity mutual funds if you invest it for more than 1 year the returns you will get will be considered as long term capital gains. So long term capital gains you earn from mutual funds post 1 year will be taxed at just 10% that to the first 1 lakh rupee profit is completely tax-free.

3. Indexation Benefit: When you invest your money in debt mutual funds the debt mutual funds will give tax benefit in term of indexation.



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