Fortis Healthcare Limited has informed the Exchange regarding 'Tax deduction at Source (TDS)/ Withholding Tax on Dividend'.
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Fortis Healthcare has informed the exchange about the tax deduction process for its final dividend of ₹1 per equity share (10% on face value of ₹10) for FY 2024-25, recommended by the Board on May 20, 2025, and subject to shareholder approval at the 29th AGM on August 11, 2025. The record date for eligibility is July 25, 2025. TDS will be deducted at 10% for resident shareholders with a valid PAN, 20% if PAN is inoperative or missing, and 20% (plus surcharge and cess) for non-resident shareholders, with DTAA benefits available for those who submit the required documents. Shareholders seeking lower or zero TDS must submit self-declarations and supporting documents (Form 15G/15H, TRC, Form 10F, etc.) to the RTA KFin Technologies by August 5, 2025, via the portal ris.kfintech.com or by email.
This is a routine procedural filing that does not change the dividend amount but tells shareholders how much tax will be withheld and the steps needed to claim exemptions or reduced TDS. Shareholders who do not submit the required documents by August 5, 2025 risk higher tax deduction, though they can claim a refund later by filing an income tax return.