Dividend distribution tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 May 2015
What is the rate ddt for ay 2015-16 and does it should be recorded in ay 2015-16 or the next year?
25 May 2015
The rate of DDT was 16.995% for AY 2015-16. The amount of dividend need to be grossed up for the purpose of computing DDT liability wef 01.10.2014.
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 May 2015
then how to calculate surcharge
21 July 2024
Here’s how to calculate surcharge:
Compute the tax on the total income (after applying deductions, exemptions, etc.).
Apply the applicable surcharge rate (as per the income level).
Add cess (education cess and secondary and higher education cess) at the rate of 2% on the tax amount plus surcharge.
Compute the tax on the total income (after applying deductions, exemptions, etc.).
Apply the applicable surcharge rate (as per the income level).
Add cess (education cess and secondary and higher education cess) at the rate of 2% on the tax amount plus surcharge.
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