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Is Mutual Fund SIP tax-free?

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Mutual Fund SIP in Equity Linked Saving Scheme (ELSS) is tax-free up to Rs 1.5 lakhs with a lock-in period of 3 years.

For all other Mutual Fund SIP, if the long-term capital gain is below Rs 1 lakh, it is exempted from tax, and the additional amount above Rs 1 lakh gets taxed at 10%. The short-term capital gains get taxed at 15%, irrespective of your income tax slab.


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