current dividend tax rate u/s 115o & current surcharges for the financial year 2010 - 11
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dividend tax u/s 115o
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Dividend is taxable in India u/s 115o of Income Tax Act, 1961. Effective rate of dividend distribution tax from 1st April, 2007 is 16.995%(15% basic rate+10% surcharge+3% education cess)
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