ICICI Prudential Life Insurance Company Limited has declared a final dividend of ₹ 0.85 per equity share of ₹ 10 each for the financial year ended March 31, 2025, subject to shareholder approval at the AGM on June 27, 2025.
The dividend will be paid to shareholders holding equity shares as of the record date, June 12, 2025.
The company informs shareholders about the taxability of dividends and the process for tax deduction at source (TDS) as per the Income-tax Act, 1961.
Resident individual shareholders are subject to TDS at 10% if PAN is available; otherwise, TDS is 20%. No TDS if the aggregate dividend is below ₹ 5,000.
Form 15G/15H can be submitted to avoid TDS, subject to eligibility.
Resident non-individual shareholders like insurance companies, mutual funds, and AIFs can avail Nil/lower tax rates by submitting specified documents like registration certificates and self-declarations.
Non-resident shareholders are subject to TDS at 20% (plus surcharge and cess) but may avail DTAA benefits by submitting a Tax Residency Certificate and Form 10F.
Shareholders can upload documents on https://ris.kfintech.com/form15 or mail them to KFin Technologies Limited by June 12, 2025.
PAN-Aadhaar linking is mandatory as per Section 139AA of the Income Tax Act.
Shareholders should update their PAN, contact details, and bank account details with their Depository Participants before the record date.