Summary of TAX/TDS on Dividend:
Category of shareholder | Rate of TDS |
---|---|
Resident individual shareholder receiving dividend up to Rs.5,000/- (during a financial year) or in case where duly signed Form 15G / Form 15H (as applicable) along with self-attested copy of the PAN card is submitted by the shareholder. | Nil |
Resident shareholder (not covered under (i) above) who is not a "specified person" as per section 206AB having a valid PAN. | 10% |
Resident shareholder (not covered under (i) above) not having a valid PAN or is a "specified person" as per section 206AB. | 20% |
Non-resident shareholder who is not a "specified person" as per section 206AB. | 20% (plus applicable surcharge and health and education cess) |
Non-resident shareholder who is a "specified person" as per section 206AB. | 40% (plus applicable surcharge and health and education cess) |
A resident shareholder who submits a certificate under Section 197 or non-resident shareholder who submits a certificate under Section 195/197 of the Act. | As per the directions of the certificate |