Muthoot Finance Declares 30 Interim Dividend; TDS Rules Apply
Muthoot Finance Ltd. announced an interim dividend of 30 per equity share for the financial year 2025-26, declared on April 10, 2026. The record date for determining eligible shareholders is April 17, 2026. Following the new Income-tax Act, 2025, effective April 1, 2026, the company will deduct tax at source (TDS) on this dividend. The TDS rate will depend on the shareholder's residential status and the documents submitted. For resident individual members, no TDS will be deducted if the aggregate dividend for the tax year does not exceed 10,000. Otherwise, a 10% TDS applies for those with a valid PAN, and 20% for those without. Exemptions are available for shareholders submitting Form 121 or specific orders/certificates, and for certain entities like AIFs, Provident Funds, and some Mutual Funds/Insurance Companies upon submission of required declarations.
Key Highlights
- Muthoot Finance declared 30 interim dividend for FY26.
- New Income-tax Act, 2025, mandates TDS on dividends.
- TDS rates vary by shareholder residency and document submission.
- Resident individuals may get no TDS if dividend is below 10,000.
- Shareholders must update PAN and submit forms for exemptions.
Price Impact
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