Dividend Distribution Tax Rate For Ay 2024-25

Dividend Distribution Tax Rate For Ay 2024-25. As per section 2 (22a), domestic company means an indian company, or any other company which, in respect of its income liable to tax under this act, has made the. (1) the enhanced surcharge of 25% & 37%, as the case may be, is not levied, on dividend income or income chargeable to tax under sections.

 — to counteract this, on april 1, 2020, the dividend distribution tax (ddt) will no longer exist, and the burden of taxation for dividends will transfer to the dividend. No tax on £2,000 of dividends, because of the dividend allowance;