Divident tax

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1 Points Posted on 05 March 2020
what is the income tax to be paid on divident income
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On 05 March 2020 at 15:59 Report
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This discussion clarifies the income tax applicable to dividend income for specific financial years. For FY 2019-2020, dividends up to £10 lakh were exempt, with any excess taxed at a flat 10% plus cess. However, for FY 2020-2021 onwards, dividends are treated as regular income and are taxed according to your individual income tax slab rates.

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3924 Points Posted on 05 March 2020
Please mention F.Y and A.Y
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On 05 March 2020 at 16:51
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17269 Points Posted on 05 March 2020
For FY 2019-2020 it is exempt upto 10 lakhs and beyond that excess is taxable @ 10% flat rate + Cess.

For FY 2020-2021, Dividend will be your regular income at par with other incomes and taxed as per slabs
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On 05 March 2020 at 18:24

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