Dear All,
please provide me the corporate Dividend Tax Rate which is applicable for the financial year 2010-11, Dividend declared by the company. It is complusory to the company to deduct TDS on the Director Sitting Fee above Rs. 20000/-
to sleeping Director.
Plz clarify.
Thanks
Parmod
1. DDT will be 16.995% (i.e. 15% DDT+ 10% Surcharge+2% Edu Cess and 1% SHEC).
2. TDS is deducted on paid amount to a concerned person in F.Y. irrespective of the nature of Directorship.
Regards,
agreed with vivek ...
Regards
Madhusudan
During the financial year 2010-11 the Dividend Distribution Tax under section 115-O would be as under
Tax=15%
Surcharge=7.5% i.e.1.125
Cess=3%0.48375
Total Dividend Distribution Tax=16.60875
Yes, Surcharge is 7.5%, agree with Ankur Sir.
Regards,
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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