Solidarity Levy


  • An individual whose leviable income exceeds 3.5 million rupees is liable to an additional solidarity levy which is calculated at the rate of 5% of the leviable income in excess of 3.5 million rupees
  • Leviable income is the chargeable income of the individual and dividends paid to him by a resident company and a co-operative society registered under the Co-operative Act 2016
  • With effect from income year 2019-2020, a person has to declare as part of his leviable income his share of dividend concerning to a societe in which he is an associate