Bharat Petroleum Corporation Limited (BPCL) has announced its second interim dividend of 100%, amounting to ₹10 per equity share for the financial year 2025-26. This decision was made by the Board of Directors at their meeting held on January 23, 2026. The dividend will be paid to shareholders who hold equity shares as of the record date, which is February 02, 2026. The company has also provided detailed information regarding Tax Deduction at Source (TDS) applicable on this dividend, as per the Income-tax Act, 1961. For resident shareholders, TDS is applicable if the aggregate dividend exceeds ₹10,000 in a financial year. The TDS rate is 10% if a valid PAN is furnished, and 20% otherwise. Shareholders with income below the taxable limit can submit declarations in Form 15G or 15H to claim exemption from TDS. Specific documentation and procedures are outlined for various categories of resident and non-resident shareholders, including provisions for lower withholding tax certificates and tax treaty benefits. All necessary declarations and documents, except for those related to bank account updates, are to be uploaded by February 02, 2026, on https://ris.kfintech.com/form15/. Shareholders are urged to update their details with depositories or the RTA to ensure accurate dividend credit and tax compliance. The company also stated that any income tax demand arising from misrepresentation of information will be the shareholder's responsibility.
