Gillette India Limited has informed the exchanges about tax deduction at source provisions applicable to the final dividend declared for the financial year 2025-26.
The board of directors at its meeting on May 27, 2026, declared a final dividend of Rs 60 per equity share of face value Rs 10 each for FY 2025-26. The payout is subject to shareholder approval at the annual general meeting.
Upon approval, the dividend will be paid to shareholders whose names appear in the register of members or depository records as beneficial owners on the record date.
Under the Income Tax Act, dividend income is taxable in the hands of shareholders, and Gillette India will deduct TDS at applicable rates. Resident shareholders with total annual dividend up to Rs 10,000 face no deduction. Those with a valid PAN will attract a 10% rate, while those without will face 20%.
Non-resident shareholders, including FIIs and FPIs, are subject to a 20% TDS rate plus surcharge and cess. Lower rates under Double Taxation Avoidance Agreements may apply upon submission of prescribed documentation, including PAN, tax residency certificate, and Form 41.
Shareholders must submit completed forms and documents to the registrar by August 14, 2026. Incomplete or unsigned submissions received after 5 pm on that date will not be processed.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.