Apollo Tyres informs shareholders about tax deduction at source (TDS) for the interim dividend for FY26, if declared. The company will withhold taxes at prescribed rates based on residential status, category of shareholder, and submitted documents. Shareholders can submit forms to claim exemptions or lower rates. The record date for dividend eligibility is February 10, 2026.
Interim Dividend FY26: Tax Deduction Details
Apollo Tyres has announced information regarding Tax Deduction at Source (TDS) or withholding tax on the interim dividend for FY26, subject to declaration by the Board of Directors during the meeting scheduled for February 4, 2026.
Dividend Payment and Tax Withholding
If declared, the dividend will be paid to shareholders holding equity shares as of the record date, February 10, 2026. As per the Income Tax Act, the company is required to withhold taxes at prescribed rates on dividend payouts. The withholding tax rate varies depending on residential status, shareholder category, and submitted/accepted documents.
Tax Rates for Resident Shareholders
For resident shareholders with a valid PAN linked to Aadhar, the tax deduction rate is 10%. If a valid PAN is not provided, is invalid, or inoperative, the rate is 20%. Individuals submitting Form 15G/15H may be eligible for NIL deduction. Shareholders can download the relevant forms from the Income Tax website.
Tax Rates for Non-Resident Shareholders
Non-resident shareholders may be eligible for a tax rate under the Double Taxation Avoidance Agreement (DTAA). Submission of a Tax Residency Certificate (TRC) and Form 10F is required. A self-attested PAN copy and self-declaration confirming tax residency are needed. If the above documents are submitted the DTAA rate shall be applied for withholding.
Important Information for All Shareholders
The company is not obligated to apply beneficial DTAA rates and rate shall depend on review of documents. Shareholders should update bank account details with their depositories. Those holding multiple folios with different statuses under a single PAN may have TDS deducted at a higher rate. Tax exemption forms must be submitted online by Wednesday, February 11, 2026.
Submission of Tax Exemption Forms
Shareholders should submit required documents online through the provided link by Wednesday, February 11, 2026, to determine appropriate TDS/withholding tax rates. No claims against the company will be accepted for taxes deducted.
Source: BSE
