Dodging the DDT(Dividend Distribution Tax)

The FM may have announced a hike on the DDT (Dividend Distribution Tax) from 12.5 % to 15 %.But companies have found out the way to eluding it.Over 200 companies have already announced interim dividend payouts before the proposed hike in levy comes into effect. Companies are also rushing in with announcements for allotment of shares under the employee stock option plan (Esop).