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Indira (CA )     20 September 2021

Surcharge on Dividend

Hi

 

What will be the surcharge rate on foreign dividend if the income exceeds 2 Crore for a individual. Is it flat 15% for all dividend from shares and units. Also what about foreign dividends. Is it 15% or 25% for foreign dividends?


Thanks

Indira K V

 



 3 Replies

Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     20 September 2021

Rate of surcharge in case of non –resident individuals/HUF/AOP/BOI-

Amount of Dividend Section 195 Section 196C/196D
UP TO Rs 50lakhs Nil Nil
50lakhs-1 crore 10% 10%
1 crore-2 crore 15% 15%
2 Crore-5 crore 15% 25%
Above 5 crore 15% 37%

Rate of surcharge in case of Non resident companies-

Amt of dividend Rate of surcharge
Up to Rs 1 crore Nil
1 crore-10 crore 2%
Above 10crore 5%

Health & Education cess @ 4% shall be applicable in all cases.

Indira

Indira (CA )     20 September 2021

Thank you. So if i receive dividend from foreign company, then my dividend surcharge will be restricted to 15%. Correct?

Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     20 September 2021

The withholding tax rates given above are for Indian companies, over the dividend distribution of 20% + surcharge+ cess.

For dividend received from foreign companies it may differ as per DTAA agreement with the countries.


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