Divident tax

what is the income tax to be paid on divident income
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Quick Summary
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.

Please mention F.Y and A.Y
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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