“Hello experts, I need a quick clarification on mutual fund taxation. If I redeemed a debt mutual fund / conservative hybrid fund that was purchased after April 1, 2023, does it fall under Section 50AA as a ‘Specified Mutual Fund’? If so, are the capital gains strictly treated as Short-Term Capital Gains (STCG) taxed at my regular income slab rate, or can they be taxed at a flat 20% LTCG? Assuming no other income and total gains under ₹12 lakh, does it qualify for the Section 87A rebate under the New Tax Regime?”
STCG, Slab, 87A available. Try official income tax calculator