How To Pay Very Little Taxes
Opting for dividend in non-equity funds
Dividend distribution tax is kind of invisible tax that most of end paying it without much information of it. Dividend Distribution Tax is imposed on dividends paid by mutual fund schemes other than equity funds and equity oriented balanced schemes.
So to save the tax on this, you should opt for the growth option in non-equity funds, and opting for a systematic withdrawal plan would save you from paying higher and extra taxes. As only the capital gain is taxed rather than the entire sum.
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