PNB Housing Finance: Rs. 8 Dividend Proposed, TDS Rules Detailed
PNB Housing Finance Ltd has communicated to its shareholders regarding the Tax Deduction at Source (TDS) on the proposed final dividend of Rs. 8 per equity share for the financial year 2025-26. The dividend payment is subject to shareholder approval at the Annual General Meeting on August 17, 2026. The communication details the TDS provisions under the Income-tax Act, 2025, including rates for resident and non-resident shareholders. For resident individuals, TDS is 10% if PAN is valid, 20% if not, with no TDS if the dividend amount does not exceed Rs. 10,000. Specific documentation requirements for exemptions and different shareholder categories are also outlined. The full communication is available on the company's website.
Key Highlights
- Proposed final dividend of Rs. 8 per equity share for FY 2025-26.
- Dividend payment subject to shareholder approval at AGM on August 17, 2026.
- TDS applicable on dividend payments as per Income-tax Act.
- Details provided on TDS rates and exemption criteria for various shareholders.
- Shareholders urged to update bank account details for timely credit.
Price Impact
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