Quick reckoner for income tax rates for Capital Gains on Equity & Debt Mutual Funds

Below are the income tax rates, if you have sold Equity or Debt Mutual Funds during the financial year 2014-15.

Long Term Capital Gains Short Term Capital Gains
(held for more than 1 year) (held for less than 1 year)
Equity Mutual Funds Exempt 15%
where STT is paid
Debt Mutual Funds
Long Term Capital Gains Short Term Capital Gains
(held for more than 1 year) (held for less than 1 year)
If units are transferred on or after 1.4.2014 but before 11.7.2014 10% without indexation or 20% with indexation whichever is lower at income tax slab rates
     
Debt Mutual Funds
Long Term Capital Gains Short Term Capital Gains
(held for more than 3 years) (held for less than 3 years)
If units are transferred on or after 11.7.2014 at 20% with indexation at income tax slab rates