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Rate of Dividend Distribution tax on companies

This query is : Resolved 
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(Querist)
29 June 2009 Can any one tell me the rate of DDT
whether surcharge & edu. cess is included in 15%.
Give a brief example when it will be
15% , 15.45% & 16.995
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vinod kumar lalwani

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vinod kumar lalwani (Expert)
29 June 2009 Dear,

Rate of DDT is 16.995%.

because the definition of tax as given in section 2 (43) is txa means tax chargeable under this act(i.e income tax act) and surcharge and cess is chargeable under finance act of each year.

so u/s 115-o tax rate is 15% and SC and cesss shall be chargeable separately.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
29 June 2009 agree
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