Tata Motors Limited has informed the Exchange regarding ' Communication to Shareholders Intimation on Tax Deduction on Dividend'.
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Tata Motors has informed shareholders about the tax deduction rules that will apply to the final dividend of ₹6.00 per equity share (face value ₹2, i.e. 300%) recommended for FY 2024-25. The dividend is subject to shareholder approval at the 80th AGM scheduled for June 20, 2025, with payment to follow on or before June 24, 2025. For resident shareholders with a valid PAN, TDS will be deducted at 10%; without a PAN or if PAN is not linked with Aadhaar, TDS rises to 20%. Non-resident shareholders will face 20% TDS (plus surcharge and cess), though lower rates may apply under Double Tax Avoidance Agreements (DTAA) if required documents are submitted. Shareholders must submit relevant forms and declarations (Form 15G/15H, PAN, TRC, Form 10F, etc.) on or before the June 5, 2025 cut-off date to avoid higher tax deduction.
This is a routine TDS compliance communication ahead of the FY25 dividend payout. Shareholders should ensure PAN-Aadhaar linking and submit exemption/tax residency documents by June 5, 2025, to avoid excess tax deduction—any over-deducted TDS can be claimed back while filing returns. The ₹6 dividend itself is positive for shareholders awaiting the AGM approval on June 20.