Query related to dividend distribution tax

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  1. jyoti@SHARMA

    [email protected] New Member

    If our company declare dividend of Rs. 15,00,000/- in financial year 2015-16
    then what is the calculation of dividend distribution tax?
  2. Saurabh2017

    Saurabh2017 New Member

    DDT shall be computed on the amount determined after grossing up dividend paid by the rate of tax (excluding Surcharge and Cess) on such dividend.

    Grossing up needs to be done only of the Basic Rate and not of the Effective Rate. The rates of DDT are as below:

    Basic Rate 17.647

    Effective Rate 20.358 (ie 17.647+12% surcharge+3%cess)
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