Infosys Share Buyback: Key Tax Rule Changes

Infosys is offering to buy back its shares at ₹1,800 each, which is higher than the current price.

This is good news for shareholders because they can sell their shares for more money.

However, there's a new tax rule that started on April 1, 2024.

Now, the money you get from selling your shares back to Infosys is considered as dividend income and will be taxed based on your income tax slab.

Before this rule, the money was tax-free.

Experts say that if your total income, including the buyback money, is below a certain limit (₹12 lakh for non-salaried and ₹12.75 lakh for salaried individuals), you might not have to pay any tax on it.

Also, if you made a loss when you bought the shares, you can use that loss to reduce your taxes in the future.