Please find enclosed herewith communication sent to shareholders for deduction of Tax on dividend.
VOLTAS · price
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Voltas Ltd has communicated TDS (Tax Deduction at Source) requirements for its proposed dividend of Rs. 4 per share (400%) for FY 2025-26. The dividend awaits shareholder approval at the 72nd AGM on June 30, 2026. For resident shareholders with valid PAN, TDS is 10%; it increases to 20% if PAN is not registered or not linked with Aadhaar. Resident individuals can avoid TDS if total annual dividend does not exceed Rs. 10,000 or by submitting Form 121. Non-resident shareholders face 20% TDS plus surcharge and cess, or lower Tax Treaty rates if proper documentation including Tax Residency Certificate and Form 41 is submitted. Key deadline: shareholders must submit tax documents by June 12, 2026.
Shareholders should promptly submit required tax documents to avoid excess TDS deduction. While excess tax can be claimed via income tax return, timely submission ensures correct withholding from the dividend payment.