Tax on Dividend

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,