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90: Why you should switch out of dividend plans of mutual funds

Why Not Mint Money

English - February 06, 2020 16:13 - 8 minutes - 7.64 MB
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Previous Episode: 89: How TCS (Tax Collected at Source) will apply to your foreign travel, education, investments
Next Episode: 91: Can you keep switching between old and new tax regime?

Budget 2020 has abolished dividend distribution tax on dividends of mutual funds. It has made dividends taxable at slab rate in the hands of investors. However, this will lead to higher tax burden on investors in all but the lowest tax slabs. Mint explains how and what you can do about it.