Income distributed by mutual funds under section 115R attracts varying tax rates based on fund type and recipient category. Section 115R prescribes additional income-tax on income distributed by a specified company or mutual fund to unit holders, with rates varying by fund type and recipient category. Distributions by the Administrator of a specified undertaking and by equity oriented funds are generally taxed at nil rate, while money market mutual funds, liquid funds, other funds, and infrastructure debt fund schemes attract specified rates, with reverse calculation percentages indicated. Surcharge and applicable cess are added where relevant, and the tax is payable within 14 days by the person responsible for distribution and the UTI or mutual fund.