Currently DDT is being applied on net dividend payout. As per Finance (No. 2) Act 2014, the DDT rates will be applicable on gross dividend amount, with effect from October 1st, 2014.
Therefore, while the DDT rate remains the same, the way in which the DDT is calculated would change and the net dividend amount from debt and liquid mutual fund schemes would reduce going forward.
Please find below an illustration on dividend payment considering the change in DDT computation where for easy understanding, we have assumed DDT@25%*:
*DDT Rate for Individuals & HUF.DDT is subject to surcharge and education cess.
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