Indian Oil Corporation Limited has informed the Exchange regarding 'E-mail communication to members of Indian Oil Corporation Limited - Deduction of TDS on 2nd Interim Dividend for the year 2025-26.'.
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Indian Oil Corporation has informed shareholders about the tax deduction at source (TDS) rules applicable to its 2nd Interim Dividend of Rs 2 per share declared for FY 2025-26, with March 12, 2026 fixed as the record date. For resident shareholders, TDS will be 10% with a valid PAN and 20% without one, while individuals with total dividends under Rs 10,000 in FY 2025-26 are exempt (this threshold includes the final dividend 2024-25 and 1st interim dividend 2025-26 already paid). Senior citizens and eligible individuals can submit Form 15H/15G to avoid TDS, while non-resident shareholders can claim DTAA benefits by submitting documents like Tax Residency Certificate, e-filed Form 10F, and self-declarations to the RTA KFin Technologies by March 12, 2026. No TDS-related documents will be accepted after the record date. The detailed TDS rates, exemptions, and procedural requirements have been outlined for both resident and non-resident members.
This is a routine compliance communication accompanying the dividend declaration and does not change the dividend amount itself. Shareholders should ensure their PAN is valid and linked with Aadhaar to avoid the higher 20% TDS rate, and submit the required forms before the March 12, 2026 deadline to claim exemptions.