Tax on income from equity-oriented mutual fund units treated as a separate component affecting overall tax liability. Income from units of an open-ended equity oriented fund of the Unit Trust of India or of a Mutual Fund is taxed by aggregating (a) a specific tax on such fund income and (b) the tax computed on the assessee's remaining total income after deducting that fund income; the special computation does not apply to fund income arising after the provision's specified cut-off date and relevant terms are defined by reference to the Explanation to section 115T.