How are equity funds taxed?

By IndianMoney , 1 year ago
It has the following taxations: 1.Short term capital gains are taxable at the rate of 15%. 2. Long term capital gains are taxable at the rate of 10%, if gains exceed 1Lakh per year. 3. Under section 80C, ELSS enjoy tax dedcution up to 1.5 lakh.