tds on dividend

Dividend paid to foreign entity will attract 'Dividend Distribution Tax' under Section 115 - O @ 15% plus 3% surcharge to be paid by Company. Once this Tax has been paid, no TDS need to be deducted from Dividend remittance / payment to Foreign entity.

Yogesh Shah,

Is it 15% plus 3% surcharge

or

15% plus 10% surcharge + 3% edu. cess?

And how about surcharge if the company paying dividend has an income below Rs. 1 crore?

Rate of Dividend Distribution Tax --

If Income of Company is exceeding 1 crore :

Basic Rate 15% + 10% Surcharge + 3% Education Cess

If Income of Company is or less than 1crore :

Basic Rate 15% + 3% Education Cess