divident distribution tax rate is 15% + surcharge + cess
my qus. is whether surcharge is always included or only wen income of co. exceeds 1 crore...
CA Mohit Agarwal
(Chartered Accountant)
(1025 Points)
Replied 01 July 2009
hi dude
Surcharge will always included in Company Income while calculating Div Distribution tax.
There is no such provision regarding the income exceeds 1Cr.
Div Distribution tax rate 16.995%...
Dividend tax... 15%
Surcharge.... 10%
Cess...............3%
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