Hi i have a doubt on mutual funds. Suppose i invest in a high return mutual fund with a yearly premium fund of 20000. At the end of 5 year term, i earn total 290000. Now will this be taxed.
If so,
what is the slab rate for the tax ? Also does the tax depend on the type of the fund that is equity fund, tax based fund etc.
Can anyone shed light on this matter.
If so,
what is the slab rate for the tax ? Also does the tax depend on the type of the fund that is equity fund, tax based fund etc.
Can anyone shed light on this matter.