Dividend26 May 2026, 10:59 am
Tata Power: Tax Deduction on Dividend Information
AI Summary
Tata Power Company Ltd informs shareholders about tax deduction on dividend as per the Income Tax Act, 2025. A dividend of ₹2.50 per share (250%) has been recommended for FY26, subject to shareholder approval at the AGM on July 7, 2026. The record date is June 23, 2026, and the dividend payout date is July 10, 2026. The company will deduct taxes at source (TDS) at the time of dividend payment. Shareholders are requested to update their bank account details and submit necessary tax-related documents by June 22, 2026, to ensure appropriate tax deduction.
Key Highlights
- Tata Power declares dividend of ₹2.50 per share (250%) for FY26, pending shareholder approval.
- Tax deduction at source (TDS) will be applicable on dividend payments as per Income Tax Act, 2025.
- Shareholders must update bank details and submit tax documents by June 22, 2026.
- TDS rate is 10% for resident shareholders with valid PAN, and 20% without PAN or invalid PAN.
- No TDS for resident individuals if total dividend is below ₹10,000 or Form 121 is provided.
Price Impact
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