Petronet LNG has announced details regarding tax deduction at source (TDS) on the interim dividend for the financial year 2025-26. The dividend of ₹7 per share, declared on November 7, 2025, is subject to TDS as per Income Tax Act, 1961. Shareholders must provide necessary documentation to ensure appropriate tax deduction rates are applied.
Interim Dividend Tax Details
Petronet LNG is providing information on tax deduction at source (TDS) for its interim dividend for the financial year 2025-26. A dividend of ₹7 per share (on the face value of ₹10 each) has been declared. Payment will be made within 30 days of the declaration date, November 7, 2025.
TDS on Dividend Income
Dividend income is taxable, and the company is required to deduct tax at source (TDS) at the time of payment. The TDS rate varies based on the shareholder’s residential status and applicable exemptions, subject to documentation.
Resident Shareholder Information
TDS will be deducted at 10% under Section 194 of the Income Tax Act, unless exempt. A valid Permanent Account Number (PAN) is mandatory.
Individual Resident Shareholder Specifics:
No TDS if the total dividend paid during FY 2025-26 does not exceed ₹10,000. Form 15G (for individuals below 60 years) and Form 15H (for individuals 60 years and above) can be submitted if eligibility conditions are met.
Non-Resident Shareholder Information
Tax will be deducted at source (TDS) under Section 195 or Section 196D of the Act at 20% (plus applicable surcharge and cess) unless exempt under the Act. DTAA benefits may be available if the shareholder provides the necessary documents, including a Tax Residency Certificate (TRC) and Form 10F.
Important Notes
Shareholders holding shares under multiple accounts with a single PAN should note that the higher applicable tax rate will be considered for all holdings.
Source: BSE
