Coal India declares second interim dividend for FY 2025-26
Coal India Limited's board of directors, at their meeting on October 29, 2025, declared a second interim dividend of INR 10.25 per equity share for the financial year 2025-26. This dividend, based on a face value of INR 10 per share, will be disbursed to shareholders holding equity shares as of the record date, November 4, 2025.
In accordance with the Income Tax Act, 1961, and the Finance Act, 2020, this dividend is taxable in the hands of shareholders. Coal India will deduct tax at source (TDS) under sections 194, 195, and 196D, depending on the shareholder's status and category. Resident shareholders will typically face a 10% TDS, with exemptions for dividend income not exceeding INR 10,000 or for those submitting Forms 15G/15H. Non-resident shareholders will be subject to a 20% TDS (plus applicable surcharge and cess) or the Tax Treaty rate, whichever is lower, upon submission of required documents like PAN, Tax Residency Certificate (TRC), and Form 10F.
The company has introduced a dedicated online Tax Portal (https://taxportal.coalindia.in) for shareholders to submit all tax-related documents, including Forms 15G/15H and TRCs. The portal will be active from October 30, 2025, to November 5, 2025 (cut-off date), facilitating timely processing and avoiding higher tax deductions. TDS certificates for dividend payments will also be available for download from this portal.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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