Income Tax on ₹2000 SIP Returns | Mutual Funds Taxation Calculation in Hindi
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Income Tax on ₹2000 SIP
Income Tax on ₹2000 SIP Returns | Mutual Funds Taxation Calculation in Hindi STCG & LTCG
In this video by FinCalC TV we will see Income Tax on Mutual Funds SIP in India in Hindi using Excel.
How much income tax you pay on ₹2000 SIP Returns on mutual funds with calculations for next 15 years.
Online SIP Calculator:
https://fincalc-blog.in/mutual-fund-s...
₹2000 SIP Returns Calculation for next 1-15 years:
SIP Returns Calculation Examples - ₹2...
20 Years SIP Returns Calculation:
20 Years SIP Returns Excel Calculator...
Save Income Tax on SIP:
How to Save Income Tax on Capital Gai...
JOIN Telegram Group:
https://t.me/fincalc_tv_channel
CHAPTERS:
00:00 Income Tax on Mutual Funds Intro
00:33 Types of Capital Gains Tax
01:51 Income Tax on SIP in Excel
02:51 STCG vs LTCG Income Tax
03:44 Calculating Total SIP Deposits in Excel
04:28 Using SIP Calculator for Returns
07:08 Income Tax on STCG Calculation
11:49 Dividing Gains into STCG & LTCG
15:44 Income Tax on LTCG Calculation
17:54 How to Save STCG Tax
22:59 How to check Capital Gains for FY using CAMS
24:57 Income Tax on Mutual Funds Conclusion
Income Tax on SIP Maturity or Redemption is calculated similar to lump sum investment, where we take each SIP installment as lump sum investment amount. Based on Equity or Debt mutual funds, the holding period is recognized and the gains (STCG or LTCG) are taxed based on predefined rates. The gains Tax rates are flat irrespective of which Income Tax bracket you fall under. Also, in case your income is below basic exemption limit in a financial year, you need not have to pay any Tax on STCG you make provided your total income in FY is below basic exemption limit and you are a resident Indian.
WHAT ARE STCG & LTCG
STCG or Short Term Capital Gains and LTCG or Long Term Capital Gains depends on whether the Gains are being calculated on Equity Mutual Funds or Debt Mutual Funds.
Equity Mutual Funds – Funds that have 65% or more exposure in Equity
Debt Mutual Funds – Funds that have 65% or more exposure in Debt instruments
Holding period for Equity Mutual Funds is considered as 1 year. So if you make gains on Equity mutual funds after holding the funds for less than 1 year, it is called STCG (Short Term Capital Gains). And if you hold Equity mutual funds for more than 1 year and make gains, than it is called LTCG (Long Term Capital Gains)
Similarly, Holding period for Debt Mutual Funds is considered as 3 years. So if you make gains on Debt mutual funds after holding the funds for less than 3 years, it is called STCG (Short Term Capital Gains). And if you hold Debt mutual funds for more than 3 years and make gains, than it is called LTCG (Long Term Capital Gains).
TAX RATES ON STCG & LTCG
STCG Tax Rate = 15% on the gains made
LTCG Tax Rate = 10% on the gains made above Rs. 1 Lakh
ADJUSTMENT OF STCG AGAINST THE BASIC EXEMPTION LIMIT
Basic exemption limit means the level of income up to which a person is not required to
pay any tax. The basic exemption limit applicable in case of an individual for the
financial year 2021-22 is as follows :
For resident individual of the age of 80 years or above, the exemption limit is Rs. 5,00,000.
For resident individual of the age of 60 years or above but below 80 years, the exemption limit is Rs. 3,00,000.
For resident individual of the age below 60 years, the exemption limit is Rs. 2,50,000.
For non-resident individual irrespective of the age of the individual, the exemption limit is Rs. 2,50,000.
ADJUSTMENT OF LTCG AGAINST THE BASIC EXEMPTION LIMIT
A resident individual can adjust the LTCG but such adjustment is possible only after making adjustment of other income. In other words, first income other than LTCG is to be adjusted against the exemption limit and then the remaining limit (if any) can be adjusted against LTCG.
LTCG will be taxed at 10% on profits above Rs. 1 Lac.
============================
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MORE VIDEOS:
SIP Excel Calculator: SIP Returns Excel Calculator| SIP vs ...
Income Tax Calculator: How To Calculate Income Tax FY 2021-2...
Loan EMI Calculator: Home Loan EMI Calculator Excel with P...
Loan EMI Prepayment Calculator: Home Loan EMI Prepayment | How to Sav...
============================
DISCLAIMER:
Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown. It is advised to seek professional help before taking any financial decisions. The owner of this channel shall not be liable in any way.
In this video by FinCalC TV we will see Income Tax on Mutual Funds SIP in India in Hindi using Excel.
How much income tax you pay on ₹2000 SIP Returns on mutual funds with calculations for next 15 years.
Online SIP Calculator:
https://fincalc-blog.in/mutual-fund-s...
₹2000 SIP Returns Calculation for next 1-15 years:
SIP Returns Calculation Examples - ₹2...
20 Years SIP Returns Calculation:
20 Years SIP Returns Excel Calculator...
Save Income Tax on SIP:
How to Save Income Tax on Capital Gai...
JOIN Telegram Group:
https://t.me/fincalc_tv_channel
CHAPTERS:
00:00 Income Tax on Mutual Funds Intro
00:33 Types of Capital Gains Tax
01:51 Income Tax on SIP in Excel
02:51 STCG vs LTCG Income Tax
03:44 Calculating Total SIP Deposits in Excel
04:28 Using SIP Calculator for Returns
07:08 Income Tax on STCG Calculation
11:49 Dividing Gains into STCG & LTCG
15:44 Income Tax on LTCG Calculation
17:54 How to Save STCG Tax
22:59 How to check Capital Gains for FY using CAMS
24:57 Income Tax on Mutual Funds Conclusion
Income Tax on SIP Maturity or Redemption is calculated similar to lump sum investment, where we take each SIP installment as lump sum investment amount. Based on Equity or Debt mutual funds, the holding period is recognized and the gains (STCG or LTCG) are taxed based on predefined rates. The gains Tax rates are flat irrespective of which Income Tax bracket you fall under. Also, in case your income is below basic exemption limit in a financial year, you need not have to pay any Tax on STCG you make provided your total income in FY is below basic exemption limit and you are a resident Indian.
WHAT ARE STCG & LTCG
STCG or Short Term Capital Gains and LTCG or Long Term Capital Gains depends on whether the Gains are being calculated on Equity Mutual Funds or Debt Mutual Funds.
Equity Mutual Funds – Funds that have 65% or more exposure in Equity
Debt Mutual Funds – Funds that have 65% or more exposure in Debt instruments
Holding period for Equity Mutual Funds is considered as 1 year. So if you make gains on Equity mutual funds after holding the funds for less than 1 year, it is called STCG (Short Term Capital Gains). And if you hold Equity mutual funds for more than 1 year and make gains, than it is called LTCG (Long Term Capital Gains)
Similarly, Holding period for Debt Mutual Funds is considered as 3 years. So if you make gains on Debt mutual funds after holding the funds for less than 3 years, it is called STCG (Short Term Capital Gains). And if you hold Debt mutual funds for more than 3 years and make gains, than it is called LTCG (Long Term Capital Gains).
TAX RATES ON STCG & LTCG
STCG Tax Rate = 15% on the gains made
LTCG Tax Rate = 10% on the gains made above Rs. 1 Lakh
ADJUSTMENT OF STCG AGAINST THE BASIC EXEMPTION LIMIT
Basic exemption limit means the level of income up to which a person is not required to
pay any tax. The basic exemption limit applicable in case of an individual for the
financial year 2021-22 is as follows :
For resident individual of the age of 80 years or above, the exemption limit is Rs. 5,00,000.
For resident individual of the age of 60 years or above but below 80 years, the exemption limit is Rs. 3,00,000.
For resident individual of the age below 60 years, the exemption limit is Rs. 2,50,000.
For non-resident individual irrespective of the age of the individual, the exemption limit is Rs. 2,50,000.
ADJUSTMENT OF LTCG AGAINST THE BASIC EXEMPTION LIMIT
A resident individual can adjust the LTCG but such adjustment is possible only after making adjustment of other income. In other words, first income other than LTCG is to be adjusted against the exemption limit and then the remaining limit (if any) can be adjusted against LTCG.
LTCG will be taxed at 10% on profits above Rs. 1 Lac.
============================
LIKE | SHARE | COMMENT | SUBSCRIBE
Mujhe Social Media par FOLLOW kare:
Facebook : Facebook: fincalctv
Twitter : Twitter: FincalcTV
BLOG: https://fincalc-blog.in
Telegram: https://t.me/fincalc_tv_channel
Instagram: Instagram: fincalc_tv
============================
MORE VIDEOS:
SIP Excel Calculator: SIP Returns Excel Calculator| SIP vs ...
Income Tax Calculator: How To Calculate Income Tax FY 2021-2...
Loan EMI Calculator: Home Loan EMI Calculator Excel with P...
Loan EMI Prepayment Calculator: Home Loan EMI Prepayment | How to Sav...
============================
DISCLAIMER:
Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown. It is advised to seek professional help before taking any financial decisions. The owner of this channel shall not be liable in any way.
2 سال پیش
در تاریخ 1401/09/15 منتشر شده
است.
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