Dividend Income Taxable – Should you switch to Mutual Fund Growth Option?

Raviraj Parekh posted: "As per Budget 2020, dividend income from shares and mutual funds is taxable in the hand of recipient as per applicable tax slab. This means the dividend income which was earlier tax exempted has become taxable. Additionally, any dividend income above Rs.5" New post on MoneyExcel - Personal Finance Website Blog Dividend Income Taxable – Should you switch to Mutual Fund Growth Option? by Raviraj Parekh As per Budget 2020, dividend income from shares and mutual funds is taxable in the hand of recipient as per applicable tax slab. This means the dividend income which was earlier tax exempted has become taxable. Additionally, any dividend income above Rs.5000 in a financial year will attract tax deduction at source. Many Dividend Mutual […] Read more of this post Raviraj Parekh | February 16, 2020 at 3:43 pm | Tags: DDT Removed, Dividend Income Tax, Dividend Income Taxable, Dividend Tax Budget 2020, Tax on Dividend Income | URL: https://moneyexcel.com/?p=27819 Comment    See all comments Unsubscribe to no longer receive posts from MoneyExcel - Personal Finance Website Blog. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://moneyexcel.com/27819/dividend-income-taxable-switch-to-mutual-fund-growth-option/