DDT RATE FOR AY 19-20

karthik bandari (Student CA IPC / IPCC) (27 Points)

11 August 2018

What is the DDT rate for ay 19-20, A co paid 100 Lakhs dividend to its shareholders what is the DDT amount should be....?

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CA Mayur Todmal (Practicing CA) (7751 Points)
Replied 11 August 2018

20.56 with grossing up. you will pay 20.56lakh

karthik bandari (Student CA IPC / IPCC) (27 Points)
Replied 11 August 2018

But Grossing up should be for 17.472, and we will get 21.171% right

Do we need to gross up only 15%?

CA Mayur Todmal (Practicing CA) (7751 Points)
Replied 11 August 2018

you may refer ICAI study materials

Vaishnavi Ganesh (Chartered Accountant) (861 Points)
Replied 11 August 2018

Dividend Distribution Tax :

at the rate of 15%

100/(100-15)*100 = 117.6450588

117.6450588-100 = 17.6450588

Add Surcharge @ 12% and Cess @ 4%

17.6450588 * 112% * 104% = 20.55529, approx 20.56%

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