BENGALURU: We all tend to pay our taxes on time and also file tax returns but seldom do we remember that how the tax returns from various asset classes are taxed. As you plan your investments for the New Year, ET Wealth provides a ready reckoner of taxes associated with every asset class, according to economictimes.com.

Mutual Funds:

Debt Funds and Debt-oriented Balanced Funds:

Any long term capital gains are taxed at the rate of 20 percent after indexation but only after holding it for a period of three years. But the short term capital gains are taxed at marginal rates. Dividends are to be tax free at the hands of investors, but the scheme pays a very high tax on dividend distribution of about 28.32 percent.

Gold Funds:

Gold Bonds, Gold Bullion and Ornaments:

Here too the long-term capital gain taxed the same at 20 percent after indexation, Short-term capital gain taxed at marginal rates. But as far as the gold bonds are concerned, small interest rates received in the middle will be taxed at slab rates and long term capital gains are taxed at 10 percent after holding it for a period of one year.

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