Retirement means no salary, but that doesn’t mean you are off the hook for taxes. For example, if you have mutual funds in your investment portfolio, the income you earn from them can still be taxed even after you hang up your work boots.
The tax treatment will also differ depending on whether you earn through capital gains, Income Distribution cum Capital Withdrawal (IDCW) payouts or a Systematic Withdrawal Plan (SWP). Here’s what retirees need to keep in mind before they start planning their mutual fund withdrawals.
