Dividend Tax
This query is : Resolved
12 January 2010
Can any one inform the rate of Dividend Tax and E.C payable for the dividend declared for the financial year 2008-09 and time limit
12 January 2010
Section is 115 O of the Income tax Act,1961.
Rate of tax is 15.45% ie tax @ 15% + education cess @2% of tax + secondary and higher education cess @ 1% of tax.
Time limit is with in 14 days from the date of-
declaration of dividend or
distribution of dividend or
payment of dividend, which ever is earlier.
Rate of tax is 15.45% ie tax @ 15% + education cess @2% of tax + secondary and higher education cess @ 1% of tax.
Time limit is with in 14 days from the date of-
declaration of dividend or
distribution of dividend or
payment of dividend, which ever is earlier.
12 January 2010
Yes DDT is 15.45 %
13 January 2010
I am sorry sir, but i think there is also surcharge is applicable on basic tax rate. Therefore, Corporate Dividend Tax(CDT) Taxable % will be as follow:
=15 + 10% * 15 + (15*10%)*3%
= 16.995%
Here, 15 is basic tax rate
10 is surcharge
3 is EC & SHEC
Regards!!!
Dinesh S. Adhikari
=15 + 10% * 15 + (15*10%)*3%
= 16.995%
Here, 15 is basic tax rate
10 is surcharge
3 is EC & SHEC
Regards!!!
Dinesh S. Adhikari
18 January 2010
Thank you very much for the informn.
Corporate Dividend Tax - 16.995%
Corporate Dividend Tax - 16.995%
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