Dividend distribution tax


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Querist : Anonymous

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Querist : Anonymous (Querist)
10 March 2015 PLS HELP ME FOR CALCULATION OF DDT FOR ACTUAL PAYMENT OF DIVIDEND TO SHARE HOLDERS RS. 2000000.00

10 March 2015 2,00,000 * 15/85 = 34,934 or 17.467% of 2,00,000 is the DDT.

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 March 2015 200000*15/85=35294.12

200000*17.467%=34934.00

Please Clarify your solution to clear my concept.

10 March 2015 Sorry. Typographical error. 17.467 may be read as 17.647.

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 March 2015 Accordingly, As per my understanding,

DDT = Rs. 200000*15/85 = Rs. 35294.00
Or.
DDT = Rs. 200000*17.647% = Rs. 35294.00

1.There will be no surcharge and education cess.

2.DDT IS 15% ON GROSS DIVIDEND(DIVIDEND PAID + DDT)

OR

3.DDT IS 17.647% ON DIVIDEND PAID TO SHARE HOLDERS.

PLEASE TELL ME WHEATHER MY UNDERSTANDING IS CORRECT?


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