Indian Oil: TDS on Final Dividend for FY 2025-26 Announced

Indian Oil Corporation Ltd has issued a communication to its members regarding the deduction of Tax Deducted at Source (TDS) on the final dividend for the financial year 2025-26. The Board of Directors recommended a dividend of ₹1.25 per share, with a record date set for August 14, 2026. The communication details TDS provisions for resident and non-resident members under the Income-tax Act, 2025. For resident members with valid PAN, TDS is 10%, and for those without valid PAN or PAN not linked with Aadhaar, it's 20%. Exemptions and lower deduction possibilities are outlined, including for individuals receiving less than ₹10,000 dividend and specific entities like insurance companies, mutual funds, and provident funds upon submission of required documentation.