Voltas Limited has informed the Exchange about Communication to Shareholders for deduction of Tax on Dividend
VOLTAS · price
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Voltas has informed shareholders about the tax deduction process on the dividend of Rs. 7.00 per equity share (700%) recommended by the Board for FY 2024-25, subject to shareholder approval at the AGM on 8th July, 2025. For resident shareholders with a valid PAN, TDS will be deducted at 10%, while those without PAN or with an inoperative Aadhaar-PAN link will face 20% TDS. No tax will be deducted if the total dividend in FY 2025-26 does not exceed Rs. 10,000 or if eligible shareholders submit Form 15G/15H. Non-resident shareholders can opt for a lower tax treaty rate (vs. the default 20% plus surcharge and cess) by submitting documents like TRC and Form 10F. Shareholders must submit all required tax-related documents to the Company or its RTA (MUFG Intime) by 20th June, 2025.
This is a routine procedural filing clarifying TDS rules on the upcoming dividend and has no direct impact on stock price. Shareholders, especially those seeking exemptions or lower withholding rates, should ensure valid PAN, Aadhaar linkage, and timely submission of declarations (Form 15G/15H or treaty documents) by 20th June, 2025 to avoid higher tax deduction.