Will a salaried person pay Income Tax on Dividend income of 50 lacs?

POSTED BY radhevajrakaya ON April 29, 2014 8:56 am COMMENTS (5)

If a person earns Rs 10 lakhs  annually from Salary .  And he also earns Rs FIFTY LAKHS from Dividends . So here in this case will he have to pay taxes on Rs  FIFTY LAKHS  earned through Dividends.

As dividend income is  income from other sources.

5 replies on this article “Will a salaried person pay Income Tax on Dividend income of 50 lacs?”

  1. ashalanshu says:
    April 30, 2014 at 11:55 am

    Dear Radhe, listed or unlisted shares? If shares are listed, the Dividend income is tax free in the hands of investors. In case of dividends from non listed shares, the income is taxable.

    Thanks

    Ashal

    Reply
    1. radhevajrakaya says:
      April 30, 2014 at 12:12 pm

      @Ashalanshu

      Thank you ver much.

      Reply
  2. radhevajrakaya says:
    April 30, 2014 at 11:35 am

    @ Ashalanshu

    Indian Shares.

    Reply
  3. ashalanshu says:
    April 30, 2014 at 1:22 am

    Dear Radhe, from where are these dividends earned?

    Thanks

    Ashal

    Reply
  4. Raja says:
    April 29, 2014 at 3:02 pm

    You are one lucky person 🙂

    Dividend income from Indian companies is not taxable to the shareholder. Though it is a good practice to declare it in the IT returns

    Dividend income from Foreign companies is taxable to the shareholder

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.