For withdrawals within 1 year of investing, STCG tax is payable at 15%. For withdrawals
after twelve months of investing, 10% LTCG tax is payable when the capital gain
is more than Rs. 1 Lakh. (This will be different for Equity mutual funds and Debt
Mutual Funds- for equity mutual funds the above statement is correct but for debt
funds it will be different- For debt funds: For withdrawals within 3 years of investing,
tax on profits will be as per applicable tax slab and post 3 years it will be 20%
after indexation) No tax on dividend in the hands of investor.