Dividend distribution tax

This query is : Resolved 

14 November 2015 A private limited company declared Rs. 3 crore as dividend on 29/12/2014. How much is the dividend distribution tax payable by the company?

20 November 2015 First you need to gross up the figure of Rs. 3 crore i.e. Rs. 3,52,94,118 then 16.995% that will be Rs. 59,98,235/-.

Rs. 3,00,00,000/85*100 = 3,52,94,118



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