Dividend
Definition
Portion of company profit distributed to shareholders as cash or additional shares.
In Context
Dividend income is fully taxable at the recipient's applicable income tax slab rate (5%, 20%, or 30%) — NOT a flat 10%. TDS is deducted at 10% by the company if annual dividend exceeds ₹5,000. Claim TDS credit in ITR. Report under 'Income from Other Sources'.
Related Terms
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⚠️ Disclaimer: This glossary is for educational purposes. Simplify Money provides analytical insights and guidance. We have applied for SEBI RIA registration.