My Company is a Domestic Company
Have Declared a Dividend of Rs.90,00,000/-
I Want to Deduct Tax on It.(DDT)
i Don"t Getting any Proper Solution
Please Help Me.
4 Replies
Pankhuri Agrawal
(Chartered Accountant)
(412 Points)
Replied 28 January 2019
you first have to gross up the amount by calculation (90,00,000/85*100) i.e 1,05,88,235.
Now u need to calculate DDT @ 15% on this gross amount (1,05,88,235*15%) i.e 15,88,235
Then add surcharge @ 12% (15,88,235*12%) i.e 1,90,588.
Calculate education cess @ 3% on (15,88,235 + 1,90,588) which is 53,364.
Total amount u need to pay as DDT under section 115-O is (15,88,235+1,90,588+53,364) i.e 18,32,187
RAKESH KUMAR BEHERA
(STUDENT)
(185 Points)
Replied 28 January 2019
Thank You So much for Reply
Actually it is for FY 2019-2020
So Cess (3%) will Change(4%) or Not.
Pankhuri Agrawal
(Chartered Accountant)
(412 Points)
Replied 28 January 2019
correct, it will be 4% now.
Akanksha Agarwal
(2 Points)
Replied 12 March 2019
Can we solve without grossing up? Meaning : Can we directly apply 17.472%(15% + 12%surcharge = 16.8% + 4% = 17.472%)
Also, could you explain the amendment in sec 2(22)(e) regaring the cdt leviable @ 30%
Also, could you explain the amendment in sec 2(22)(e) regaring the cdt leviable @ 30%
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