Dividend distribution tax

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.

Replies (4)

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

Thank You So much for Reply

Actually it is for FY 2019-2020

So Cess (3%) will Change(4%) or Not.

correct, it will be 4% now. 

 

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%

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
11 August 2026
Chartered Accountant

Aviv Global Pvt Ltd

Ahmedabad

CA

View Details
Company
ARTICLESHIP 10 August 2026
Article Assistant

Suraj Garg and Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 08 August 2026
Article Assistant

Sanath Sheshagiri & Co.

Bengaluru

CA Inter

View Details
Company
07 August 2026
Chartered Accountant

Devesh Garg and co

New Delhi

CA

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details