Indian Oil declares interim dividend, outlines TDS rules for shareholders

Indian Oil Corporation’s Board of Directors, at its meeting on December 12, 2025, declared an interim dividend of ₹5.00 per share (50% on face value of ₹10) for the financial year 2025-26. The record date for determining eligible shareholders is Thursday, December 18, 2025, with dividend payments scheduled on or before January 11, 2026.

The company also provided detailed information on Tax Deduction at Source (TDS) for resident and non-resident members. For resident individuals, a 10% TDS will apply if a valid PAN is available, or 20% if the PAN is invalid or not linked to Aadhaar. No TDS will be deducted for resident individuals if the total dividend for FY 2025-26 does not exceed ₹10,000, or if a duly filled Form 15G/15H and a self-attested PAN card copy are submitted by December 17, 2025. The final dividend for 2024-25, paid in September 2025, will be considered for this exemption limit.

Non-resident members will face a 20% TDS, or the rate specified by applicable Double Tax Avoidance Agreements (DTAA) and Multilateral Instruments (MLI), subject to the submission of required documents like PAN, Tax Residency Certificate for FY 2025-26, e-filed Form 10F, and self-declarations of no permanent establishment in India and beneficial ownership by December 17, 2025. Invalid or inoperative PANs will result in a 20% TDS.