Post Budget 2020, dividends are now taxable when you receive them. For those in the highest tax bracket, this means you will have to pay tax of anywhere between 35% to 42% on the dividend income you receive from mutual fund schemes.
Satyam PatiSatyam is part of Team Scripbox. He is a NSE certified market professional and investment analyst. He is an active equity investor and loves to talk about and explore different ways in which people can increase their wealth, practically.