Rates of Income Distributed by UTI / MF - Section 115R - Income Tax - Ready Reckoner - Income Tax

Rates of Income Distributed by UTI / MF for the Financial year 2018-19 onwards Section 115R Amount of income distributed by (i) a specified company, or (ii) a mutual fund to its unit holders shall be chargeable to tax and such entities shall be liable to pay additional income tax on such distributed income at the rates prescribed: Rate Reverse Calculation Income distributed by the Administrator of the specified undertaking, to the unit holders; or to a unit holder of equity oriented funds in respect of any distribution made from such funds Nil Income distributed by a money market mutual fund or a liquid fund - to any person being an individual or a Hindu undivided family 25% 25 / 75 - to any other person 30% 30 / 70 Income distributed to any other person by equity orientation fund 10% 10 / 90 Income distributed by a mutual fund under an infrastructure debt fund scheme to a non-resident / foreign company 5% 5 / 95 Notes: Note 1: - Add Surcharge - Surcharge is 12% of income-tax in case of domestic companies Note 2: - Add Health and Education Cess - 4% of Income Tax Note 3: - U/s 10(35) income in the hands of unit-holders of UTI / MF is exempt. This section does not apply to Administrator of specified undertaking. The person responsible for making payment of the income distributed by UTI/MF and the UTI/MF shall be liable to pay the tax to the credit of Central Government within 14 days from the date of distribution or payment of such income, whichever is earlier. No deduction under any other provision shall be allowed to UTI/MF in respect of the income which has been charged to tax under this section. ================================== Rates of Income Distributed by UTI / MF for the Financial year 2015-16 to FY 2017-18 Section 115R Rate Reverse Calculation Income distributed by the Administrator of the specified undertaking, to the unit holders; or to a unit holder of equity oriented funds in respect of any distribution made from such funds Nil Income distributed by a money market mutual fund or a liquid fund - to any person being an individual or a Hindu undivided family 25% 25 / 75 - to any other person 30% 30 / 70 Income distributed to any other person by a fund other than a money market mutual fund or a liquid fund - to any person being an individual or a Hindu undivided family [upto 31.5.2013] 12.5% - to any person being an individual or a Hindu undivided family [w.e.f. 1.6.2013] 25% 25 / 75 - to any other person 30% 30 / 70 Income distributed by a mutual fund under an infrastructure debt fund scheme to a non-resident / foreign company [w.e.f. 1.6.2013] 5% 5 / 95 Notes: Note 1: - Add Surcharge - Surcharge is 12% of income-tax in case of domestic companies Note 2: - Add Education Cess - E. Cess is 2% of Income Tax plus surcharge Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax plus surcharge Note 4: - U/s 10(35) income in the hands of unit-holders of UTI / MF is exempt. ================================== Rates of Income Distributed by UTI / MF for the Financial year 2014-15 Section 115R Rate Income distributed by the Administrator of the specified undertaking, to the unit holders; or to a unit holder of equity oriented funds in respect of any distribution made from such funds Nil Income distributed by a money market mutual fund or a liquid fund - to any person being an individual or a Hindu undivided family 25% - to any other person 30% Income distributed to any other person by a fund other than a money market mutual fund or a liquid fund - to any person being an individual or a Hindu undivided family [upto 31.5.2013] 12.5% - to any person being an individual or a Hindu undivided family [w.e.f. 1.6.2013] 25% - to any other person 30% Income distributed by a mutual fund under an infrastructure debt fund scheme to a non-resident / foreign company [w.e.f. 1.6.2013] 5% Notes: Note 1: - Add Surcharge - Surcharge is 10% of income-tax in case of domestic companies Note 2: - Add Education Cess - E. Cess is 2% of Income Tax plus surcharge Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax plus surcharge Note 4: - U/s 10(35) income in the hands of unit-holders of UTI / MF is exempt. ================================== Rates of Income Distributed by UTI / MF for the Financial year 2013-14 Section 115R Rate Income distributed by the Administrator of the specified undertaking, to the unit holders; or to a unit holder of equity oriented funds in respect of any distribution made from such funds Nil Income distributed by a money market mutual fund or a liquid fund - to any person being an individual or a Hindu undivided family 25% - to any other person 30% Income distributed to any other person by a fund other than a money market mutual fund or a liquid fund - to any person being an individual or a Hindu undivided family [upto 31.5.2013] 12.5% - to any person being an individual or a Hindu undivided family [w.e.f. 1.6.2013] 25% - to any other person 30% Income distributed by a mutual fund under an infrastructure debt fund scheme to a non-resident / foreign company [w.e.f. 1.6.2013] 5% Notes: Note 1: - Add Surcharge - Surcharge is 10% of income-tax and in case of domestic companies Note 2: - Add Education Cess - E. Cess is 2% of Income Tax plus surcharge Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax plus surcharge Note 4: - U/s 10(35) income in the hands of unit-holders of UTI / MF is exempt. ================================== Rates of Income Distributed by UTI / MF for the Financial year 2012-13 Section 115R Rate Income distributed by the Administrator of the specified undertaking, to the unit holders; or to a unit holder of equity oriented funds in respect of any distribution made from such funds Nil Income distributed by a money market mutual fund or a liquid fund - to any person being an individual or a Hindu undivided family 25% - to any other person 30% Income distributed to any other person by a fund other than a money market mutual fund or a liquid fund - to any person being an individual or a Hindu undivided family 12.5% - to any other person 30% Notes: Note 1: - Add Surcharge - Surcharge is 5% of income-tax in case of domestic companies Note 2: - Add Education Cess - E. Cess is 2% of Income Tax plus surcharge Note 3: - Add Secondary and Higher Education Cess - SHE. Cess is 1% of Income Tax plus surcharge Note 4: - U/s 10(35) income in the hands of unit-holders of UTI / MF is exempt.