IndianOil Announces TDS Guidelines for 2nd Interim Dividend 2025-26

Mumbai, March 6, 2026: Indian Oil Corporation Limited (IOCL) has communicated to its shareholders the Tax Deducted at Source (TDS) rules applicable on the 2nd Interim Dividend of Rs. 2 per share for the financial year 2025-26. The dividend record date has been fixed as Thursday, March 12, 2026.

This follows the Income-tax Act, 1961, as amended by the Finance Act, 2020, which makes dividend income taxable in the hands of the shareholders. Accordingly, IOCL will deduct TDS at the time of payment of the dividend.

Key Highlights for Resident Shareholders

With PAN linked: TDS @ 10%
Without PAN / Invalid PAN / Not linked with Aadhaar: TDS @ 20%
Exemption for Individuals: Resident shareholders receiving total dividends ≤ Rs. 10,000 during FY 2025-26 can submit Form 15G/15H to avoid TDS. This includes the final dividend for 2024-25 and 1st Interim Dividend for 2025-26.

Residents must provide self-attested PAN copies along with the forms. Only complete forms submitted by March 12, 2026, will be considered.

Guidelines for Non-Resident Shareholders

TDS will generally be deducted at 20% plus applicable surcharge and cess under Section 195.
Shareholders can claim benefits under DTAA (Double Tax Avoidance Agreement) if applicable, by submitting PAN, Tax Residency Certificate, e-filed Form 10F, and self-declaration regarding permanent establishment in India.
Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) are subject to Section 196D TDS rules at 20% or as per DTAA provisions.

Other Important Instructions

TDS credit can be transferred to beneficial owners under Rule 37BA with proper declaration.
Shareholders should ensure their details, including PAN, bank accounts, email, and mobile number, are updated with KFin Technologies Limited, IOCL’s Registrar & Transfer Agent.
Any incomplete or incorrect submission may result in TDS being deducted at the maximum applicable rate.

Shareholders are advised to consult their tax advisors for detailed guidance. Complete instructions, sample forms, and the online submission link are available at KFin Technologies portal.

For assistance, shareholders can contact KFin Technologies Limited at toll-free 1800 309 4001 or via email einward.ris@kfintech.com.