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Dividend Tax Confusion: Is It Taxable Again After Distribution?

Anil Rego |388 Answers |Ask -Follow

Financial Planner - Answered on Jul 31, 2024

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more

Question by K on Jul 30, 2024Hindi

Money

Sir, May I know the Dividends distributed to the Share Holder is again Taxable or is the dividend is will be after the taxation. K Pramod Hejib Hyderabad

Ans: Hi,
Dividend income gets added to the total income and is taxed at the applicable slab rates.

Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Hello, I have retired from State Govt Undertaking during Oct.2022. I am holding good portfolio of shares and have been receiving dividends. Any benefit for Senior citizens from payment of tax on such dividends. Your advice helps

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Congratulations on your retirement! I understand that you are now receiving dividends from your share portfolio and are curious about any tax benefits for senior citizens.

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Hi Sir, I am a salaried class person, aged 57 years. I am paying Income Tax regularly since last 20 years. My question is why am i liable to pay tax on dividend received on mutual funds as i am investing my hard earned money after paying due taxes (Income Tax). The profit I got is from the money that saved after paying tax.

Ans: Income Tax is paid on the Income earned, may be from any source. If we go after your argument, then why business men should pay tax on their business income.
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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