IRCTC’s Board of Directors declared an interim dividend of ₹5 per equity share for the financial year 2025-26 during its meeting on November 12, 2025. The record date for determining shareholders eligible for the dividend is fixed as November 21, 2025. Tax will be deducted at source (TDS) from the dividend amount as per applicable income tax regulations.
Interim Dividend Announcement
The Board of Directors of Indian Railway Catering and Tourism Corporation (IRCTC) announced the declaration of an interim dividend at its meeting held on Wednesday, November 12, 2025. The dividend is set at ₹5/- per equity share for the financial year 2025-26.
Record Date and Payment
The record date to determine shareholders entitled to receive the interim dividend is Friday, November 21, 2025. The dividend will be paid within 30 days, adhering to the applicable provisions of the Companies Act, 2013.
Tax Deduction at Source (TDS)
As per the Income-tax Act, 1961, any dividend paid is taxable in the hands of the members, and IRCTC is required to deduct tax at source (TDS) at the time of payment. The TDS rate varies based on residential status and documents submitted by the shareholder. Detailed information on TDS related to the Interim Dividend for the Financial Year 2025-26, including the process for claiming tax exemption, is available on the company’s website under the Investor Corner.
TDS Information for Resident Shareholders
Exemption from TDS may be available for resident shareholders under specific conditions. For example:
- Mutual Funds: No TDS if a self-declaration is provided under Section 10(23D) with a valid SEBI registration certificate.
- Insurance Companies: No TDS if a self-declaration stating full beneficial interest is provided, along with a valid IRDAI registration certificate.
- Other shareholders: TDS is required to be deducted at 10% under Section 194. No TDS required if dividend distributed does not exceed ₹10,000. Form 15G and Form 15H can be furnished.
TDS Information for Non-Resident Shareholders
TDS will be deducted at 20% (plus surcharge and cess) under Section 196D for FPIs and FIIs, or as per relevant DTAA. Other non-resident shareholders need to provide documents, including PAN, Tax Residency Certificate, and Form 10F to avail tax treaty benefits.
The deadline for communication on tax determination / deduction is Friday, November 21, 2025.
Source: BSE
