NRI Mutual Fund TDS Estimator
Estimate the Section 195 TDS on a mutual fund redemption, based on fund type, holding period, and your income band.
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Frequently Asked Questions
Does TDS deducted equal my final tax liability?
No. TDS under Section 195 is deducted at redemption without applying your basic exemption limit or accounting for your other income and losses for the year. Your actual final liability is only known when you file your ITR — if TDS deducted exceeds your final liability, the excess is refunded.
How are debt mutual funds taxed for NRIs?
For units purchased on or after 1 April 2023, debt and "specified" mutual funds (funds investing more than 65% in debt/money-market instruments) are always taxed at your slab rate under Section 50AA, regardless of how long you held them — there is no separate long-term capital gains treatment or indexation benefit for these units.
Is the 15% surcharge cap the same for equity and debt funds?
No. The 15% surcharge cap applies specifically to equity capital gains under Sections 111A and 112A. Debt/specified-fund gains taxed under Section 50AA are treated as ordinary slab-rate income for surcharge purposes, so the standard surcharge slabs (up to 37%) apply without the 15% cap.
This communication is intended solely for general educational and informational purposes. The information provided is general in nature and does not take into account the specific financial goals, risk profile, investment horizon, financial circumstances or other requirements of any particular investor. It should not be construed as personalised investment advice or as a recommendation to buy, sell or hold any specific financial product.
NRI investments are subject to the Foreign Exchange Management Act (FEMA) and RBI regulations as amended from time to time. Account type (NRE/NRO), repatriation eligibility and reporting requirements depend on an investor's individual residential status and should be confirmed at the time of investment.
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No Guarantee: No statement on this page should be interpreted as a promise, assurance or guarantee of returns or investment outcomes.
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