Coal India Limited (CIL) has declared a first interim dividend of ₹5.50 per share for the financial year 2025–26. The decision was approved at the board meeting held on July 31, 2025. The dividend will be paid to shareholders holding equity shares as of the record date, August 6, 2025.
As per the Finance Act, 2020, dividends are taxable in the hands of shareholders, and CIL will deduct tax at source in accordance with Sections 194, 195, and 196D of the Income Tax Act, 1961. Shareholders are required to submit appropriate documents to claim exemptions or reduced TDS rates.
TDS Summary:
-
Resident shareholders: Tax deducted at 10% (20% if PAN is not provided). Exemptions apply for income below ₹10,000 or with submission of valid Form 15G/15H.
-
Mutual Funds, Insurance Companies, Exempt Entities: No TDS on submission of valid registration and exemption documents.
-
Non-resident shareholders / FPIs / FIIs: TDS at 20% + surcharge/cess, or as per the applicable Tax Treaty on submission of PAN, TRC, Form 10F, and a self-declaration.
Important Notes:
-
PAN-Aadhaar linking is mandatory; otherwise, TDS will be deducted at 20%.
-
Shareholders must ensure updated bank account and contact details with the depository or registrar (Alankit Assignments Ltd).
TDS certificates will be made available on the portal and will not be sent physically or by email.
