Ordinary Dividend Tax Rate 2024. Know the dividend income tax rate, deductions to be avail, submission of form 15g/h, tds and advance tax on dividend income. The tax rate on qualified dividends is 0%, 15% or 20%, depending on taxable income and filing status.

Whereas ordinary dividends are taxable as ordinary income, qualified dividends that meet certain requirements are taxed at lower capital gain rates. This is in the basic rate tax band, so you would pay: