Editing Dividend (section)

===India===
In India, a company declaring or distributing dividends is required to pay a Corporate Dividend Tax in addition to the tax levied on their income. The dividend received by the shareholders is then exempt in their hands. Dividend-paying firms in India fell from 24 percent in 2001 to almost 19 percent in 2009 before rising to 19 percent in 2010.<ref>{{Cite web|url=http://economictimes.indiatimes.com/definition/dividend|title=Definition of 'Dividend'|website=The Economic Times|access-date=8 June 2017}}</ref> However, dividend income over and above {{INR|link=yes|1,000,000}} attracts 10 percent dividend tax in the hands of the shareholder with effect from April 2016.<ref>{{Cite news|url=https://wap.business-standard.com/article/markets/companies-rush-to-announce-dividends-to-avoid-tax-outgo-in-april-116030300224_1.html|title=Companies rush to announce dividends to avoid tax outgo in April|last=Modak|first=Samie|newspaper=Business Standard India |date=3 March 2016|access-date=31 October 2020}}</ref> Since the Budget 2020–2021, DDT has been abolished. Now, the Indian government taxes dividend income in the hands of investor according to income tax slab rates.