Dividend distribution tax

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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?

AVTAR SINGH

AVTAR SINGH (Expert)
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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

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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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.

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