All gains from liquid mutual funds are taxed as per your income tax slab, regardless of holding period.
If you invested ₹1,00,000 and earned ₹7,000 as profit:
If you're in 30% tax slab, you’ll pay ₹2,100 as tax (30% of ₹7,000).
No TDS (Tax Deducted at Source) is deducted by mutual funds for resident individuals.
You declare gains while filing ITR.
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