Oil India Limited has communicated to its members and shareholders regarding the mandatory deduction of tax at source (TDS) on the final dividend for the Financial Year 2025-26. This deduction will be applied at the time of dividend payment as per the Income Tax Act. The company has provided details on its website for shareholders to access relevant information and complete necessary forms with the Registrar and Transfer Agent by September 7, 2026.
Dividend Tax Deduction Notification
Oil India Limited (OIL) has issued a communication to its members and shareholders concerning the deduction of tax at source (TDS) on the Final Dividend for the Financial Year 2025-26. This notification, dated August 14, 2026, highlights that as per the Income Tax Act, 2025, dividend payments are taxable in the hands of shareholders, necessitating TDS at the source by the company.
Shareholder Information and Compliance
To facilitate shareholders, OIL has compiled information regarding the applicable provisions and TDS procedures on its website. The relevant path for this information is Investors → Investor Services → TDS on Dividend. Shareholders are advised to refer to the weblink provided for detailed guidance.
Additionally, the company emphasizes that relevant documents for TDS should be uploaded with KFin Technologies Limited, the Registrar and Transfer Agent (RTA), by September 7, 2026. For personal details updates such as PAN, Bank Account, and Email ID, shareholders holding shares in electronic form should contact their Depository Participant, while those with physical shareholdings should contact KFin Technologies Limited directly. The RTA’s contact details, including their address and toll-free number, have been provided for further assistance.
Source: BSE
