Indian Oil Corporation Ltd ₹5 Interim Dividend Ex-Date and Record Today; Last Day to Buy Shares

Mumbai, 18 December 2025: Indian Oil Corporation Limited (IOC) is in focus as its interim dividend for the financial year 2025-26 turned ex-date today, 18th December 2025 which is also the record date. The development specifies the entitlement of shareholders to the payout and is in line with company’s formal disclosure on the taxation of dividend and TDS (Tax Deducted at Source) related implications for the investors.

Record Date Fixed Today; Company to Decide Eligibility to Receive ₹5 Interim Dividend 

The Board of directors of Indian Oil Corporation Ltd has announced an interim dividend of ₹5 for the financial year 2025-2026. This was decided at the Board meeting held on 12 December 2025. The record date has been fixed as Thursday, 18 December 2025. In other words, shareholders who hold the company’s stocks as of today will be entitled to the interim dividend. As the stock goes ex-dividend today, new shareholders will not be entitled to this particular payment, but qualified shareholders remain locked in for the benefit. 

TDS on Dividend Income Remains as Dividend Income is Taxable Under the Law

Indian Oil had informed that the dividends are taxed in the hands of the shareholders as per the Income-tax Act, 1961 as amended by the Finance Act, 2020. Therefore, the company will be required to deduct TDS while making the payment of dividend.

The TDS rate is 10% for resident-shareholders who hold valid PAN, and this rate increases to 20% where the PAN is either invalid, not operative, or not linked with Aadhaar. However, it is worth nothing that there would be no TDS deduction if the aggregate dividend income earned in the FY2025-26 remains below ₹10,000 including the final dividend to be paid by in Sep 2025.

Form 15G, 15H, and Section 197Certificates Affect Net Dividend Income

The company has enabled the eligible shareholders to seek exemption or reduce the deduction of taxes by submitting Form 15G (individuals below the age of 60 years) or Form 15H (senior citizens above the age of 60 years), along with a copy of the PAN card attested by the applicant. Alternatively, the company has also allowed its shareholders to submit certificates of lower/nil deduction of taxes u/s 197 if issued by the Income Tax Department. According to Indian Oil, only validly filled forms would be accepted, and the last date to submit the documents through the Registrar and Transfer Agent of the company, KFin Technologies Limited, is 17 December 2025.

Forms 15G and 15H and Section 197 Certificates Affect Net Dividend Income

The company has facilitated the eligible shareholders to avail tax exemption/deduction on the tax deduction by furnishing Form 15G (non-senior citizens) or Form 15H (senior citizens) in duplicate along with a duly attested copy of the PAN card. The company has also permitted the shareholders to furnish the certificates for lower/nil deduction of tax u/s 197 if they obtain any such certificates from the Income Tax Department. Indian Oil also said that only properly filled forms would be taken into consideration. The deadline for submission of the documents to the company’s Registrar and Transfer Agent, KFin Technologies Limited, is 17 December 2025.

Shares Decline in Morning Trade as Interim Dividend Turns Ex-Date 

On the NSE, Indian Oil Ltd share price was trading at ₹162.30 at 11:28 AM, a 3.48% decline from its previous close. The stock opened at ₹162. The market capitalization of the company stood at ₹2.29 lakh crores with P/E ratio of 8.99. The stoc͏k’s 5͏2 weeks hig͏h and low is͏ ₹174.50 and ₹110.72, respec͏tively. The company’s dividend yiel͏d is 4%, with t͏he quarterly payout of dividend at ₹1.62.

Shareholders are notified that the ex-date and record date for the payment of the interim dividend of ₹5 in Indian Oil’s shares has been set at 18 December 2025. Shareholders must make sure that valid tax returns are provided to avoid the possibility of enhanced TDS rates. Shareholders must not that updatin͏g PAN, b͏ank, and contact ͏information with the register or with the deposito͏ries is still mandatory fo͏r smooth processing of the dividends.

Source: https://www.nseindia.com/get-quote/equity/IOC/Indian-Oil-Corporation-Limited

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