Income Tax on Dividend for NRI

[Mihir Modak]

what is the tax rate on dividend earned by NRI? whether they get basic exemption against dividend income?

 

AI Summary

NRI advised that dividend income is taxed at individual income-tax slab rates and can use the basic exemption limit An NRI asked about tax on dividend income; the forum reply stated that dividend income is taxed at the individual slab rates applicable to the taxpayer and that the basic exemption threshold applies to dividend income as well. The discussion treated the matter as subject to ordinary income-tax slabs rather than a separate flat dividend tax, and affirmed that the standard exemption limit can be claimed against dividend receipts.