Siemens Limited communicated to its members regarding tax deduction at source on the dividend of Rs 18 per equity share for the 18-month financial year ended March 31, 2026.
The board of directors at its meeting on May 26, 2026 recommended a dividend of Rs 18 per equity share of face value Rs 2 each. The dividend payout is subject to shareholder approval at the ensuing annual general meeting. The record date for determining eligible members will be announced in due course.
Siemens is required to deduct tax at source on the dividend payment under the Income-tax Act, 2025. Members must submit prescribed TDS-related documents and declarations by July 29, 2026 to enable appropriate withholding tax rate determination. No communication on tax determination will be entertained after this date.
For resident individual members with valid PAN, TDS will be deducted at 10% on the dividend amount. No tax will be deducted on dividend up to Rs 10,000 during the tax year. Resident non-individual members including insurance companies and mutual funds may submit self-declarations for nil withholding. Members providing a certificate under section 395(1) for lower or nil withholding will have tax deducted at the rate specified in the certificate.
For non-resident members, TDS will be withheld at 20% plus applicable surcharge and cess. Non-resident members may avail benefits under Double Tax Avoidance Treaty by submitting a valid tax residency certificate and Form 41. Foreign portfolio investors must also provide a self-attested copy of SEBI registration certificate.
The dividend for the financial year ended March 31, 2026 will be paid in electronic form after deducting applicable TDS once declared by members at the AGM.
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.