Bajaj Finance Limited has informed the Exchange about Communication sent to shareholders regarding Tax Deduction at Source (TDS) on dividend income
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Bajaj Finance's Board has declared a Special (Interim) Dividend of Rs. 12 per equity share (face value Rs. 2) for FY ended 31 March 2025. The record date is 9 May 2025, and the dividend will be paid on or about 26 May 2025. The company has sent detailed TDS communication to all shareholders whose email addresses are registered, explaining the process and documents needed to claim exemption or lower tax deduction. Key TDS rates: 0% for individual shareholders with aggregate dividend up to Rs. 10,000 in a year, 10% for other resident shareholders, and 20% (plus surcharge and cess) for non-residents, with DTAA relief available. Shareholders must submit required documents (PAN, residential status, category, address, and applicable forms like 15G/15H) to KFin Technologies (the registrar) by 14 May 2025 — no submissions will be accepted after this date.
Retail shareholders who do not provide valid PAN linked with Aadhaar or submit the required forms (15G/15H) by 14 May 2025 will face TDS deducted at a higher rate (20% instead of 10% or 0%). Eligible shareholders should act quickly to submit documents to KFin Technologies to avoid excess tax withholding and claim refunds later through their income tax return.