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<h1>Tax on Certain Dividends Doubles to 30% Under Amended Section 115-O of the Income-tax Act</h1> Section 115-O of the Income-tax Act was amended by the Finance Act, 2018. The amendment introduced a proviso in sub-section (1), increasing the tax rate on dividends referred to in sub-clause (e) of clause (22) of section 2 from fifteen percent to thirty percent. Additionally, a proviso was added to sub-section (1B), stating that this sub-section does not apply to the dividends mentioned in the same sub-clause.