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TDS a domestic company must deduct on dividend paid to a resident under Section 194, with the ₹10,000 proviso threshold, the 20% no-PAN rate and Form 15G/15H eligibility.
This calculator works out the TDS a domestic company must deduct on dividend paid to a resident shareholder under Section 194 of the Income-tax Act, 1961 — 10% of the dividend, or 20% under Section 206AA where no valid PAN is on record. It applies the proviso threshold that exempts an individual receiving up to ₹10,000 of dividend in a year by a non-cash mode (₹5,000 up to FY 2024-25, raised by the Finance Act 2025), and checks whether a Form 15G or 15H declaration under Section 197A would actually hold. It is for retail investors reading a dividend credit that came in short, and for company secretaries and accountants running the deduction.
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Uses ₹5,000 up to FY 2024-25 and ₹10,000 from FY 2025-26, and withdraws it for cash payouts and non-individual shareholders.
Applies the Section 197A(1B) basic-exemption ceiling to Form 15G and correctly leaves Form 15H free of it.
Names which rule decided the rate — declaration, Section 197 certificate, threshold, or the standard 10%.
10% of the dividend paid to a resident shareholder by a domestic company. It rises to 20% under Section 206AA if the shareholder has not furnished a valid PAN, and there is no surcharge or cess on TDS for a resident.
₹10,000 of aggregate dividend from one company in a financial year, from FY 2025-26 onwards — the Finance Act 2025 raised it from ₹5,000. It applies only to an individual shareholder paid by a mode other than cash, so an HUF, a firm or a company faces deduction on the first rupee.
Yes, if your estimated tax for the whole year is nil. Form 15H is for a resident individual aged 60 or above and has no ceiling on the amount. Form 15G is for anyone else who is not a company or a firm, and the total income covered by it must stay within the basic exemption limit — ₹4,00,000 under the new regime from FY 2025-26.
No. Since April 2020 dividend is taxed in the shareholder's hands at their slab rate, and the 10% deducted is only a credit against that liability. It appears in Form 26AS and the AIS, and you claim it when you file — so a 30%-slab investor still owes the balance, while a nil-tax investor gets a refund.
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