2024 2024 Tax Tables Pdf. Nris will be subject to a withholding tax of 20% or the rate specified in applicable tax treaties,. Here is a snapshot of the tax structure for mutual funds for fy24 as per tata mutual fund.
The withholding tax rate on mutual fund income for resident individuals has been set at 10%.however, if the annual income from mutual funds exceeds rs. The government of india levies additional charges on individual taxpayers (irrespective of age) whose annual income exceeds inr 50 lakh.
