Money Guru: What Are The Tax Rules On Dividend Income? How Much TDS On Dividend Income?
Zee Business Video Team | Updated: September 20, 2022 10:06 PM IST
Dividend distribution tax is no longer levied on dividend earnings, but TDS is deducted on it. If the dividend exceeds ₹ 5 thousand, the company will deduct 10% TDS. Senior citizens can avoid TDS deduction by submitting Form 15H. Income less than ₹ 2.5 lakh can avoid TDS deduction by submitting Form 15G. Selling mutual funds will attract 10% tax on long term. No tax on capital gains up to ₹1 lakh: Sunil Garg, Tax Expert
