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How much tax is applicable on MF income? (is it as per my Income tax slab or 18% GST).

While filing for Income Tax returns, you will show it as - salary income under the head - income from Salaries and Distributor Commission under the head - income from Business/Profession.

From your query, we infer that you may not be registered with GST authorities and may not have a GST number to conduct your Mutual Fund Distribution Business. Hence, you would fall under the ‘no liability to pay GST’ bracket, as you are not registered under the GST Act.

 

However, income earned through commissions from your Mutual Fund Distribution Business will be taxable under Income Tax. The Tax rates applicable for FY 2018-19 on the total income (Salary plus Mutual Fund Distribution Income) (below 60 years of age) is -

 

Income Tax Slab

Income Tax Rate

Income between Rs.2,50,001 - Rs.500,000

5%

Income between Rs.500,001 - Rs.10,00,000

20%

Income above Rs.10,00,000

30%

Disclaimer:

Risk Factors: Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Please visit - www.QuantumMF.com to read Scheme Specific Risk Factors. Investors in the Scheme(s) are not being offered a guaranteed or assured rate of return and there can be no assurance that the scheme's objective will be achieved and the NAV of the scheme(s) may go up or down depending upon the factors and forces affecting securities markets. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including possible loss of capital. Past performance of the Sponsor / AMC/ Mutual Fund does not indicate the future performance of the Scheme(s). Statutory Details: Quantum Mutual Fund (the Fund) has been constituted as a Trust under the Indian Trusts Act, 1882. Sponsor: Quantum Advisors Private Limited. (liability of Sponsor limited to Rs. 1,00,000/-) Trustee: Quantum Trustee Company Private Limited. Investment Manager: Quantum Asset Management Company Private Limited (AMC). The Sponsor, Trustee and Investment Manager are incorporated under the Companies Act, 1956.