Tata Steel Limited has informed the Exchange about Communication to Shareholders - Intimation on Tax Deduction on Dividend
TATASTEEL · price
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Tata Steel has informed shareholders about tax deduction at source (TDS) on the dividend of Rs. 3.60 per equity share (face value Re. 1) recommended by the Board on May 12, 2025 for FY 2024-25. The dividend, if approved at the AGM on July 2, 2025, will be paid within five days, after deducting TDS at applicable rates. Resident shareholders with valid PAN will face 10% TDS (20% without PAN), while non-residents will face 20% plus surcharge and cess; DTAA benefits may apply if documents are submitted. The cut-off date for submitting exemption documents (Form 15G/15H, PAN, TRC, etc.) is June 6, 2025. Shareholders holding physical shares must update bank and KYC details as SEBI mandates electronic payment of dividends effective April 1, 2024.
This is a procedural TDS intimation, not a new corporate action. Shareholders should ensure their PAN, bank details, and exemption forms are updated before June 6, 2025 to avoid higher tax deduction. The Rs. 3.60 dividend is at the same level as last year, suggesting a stable payout and no change in income expectations for investors.