Recommended final dividend: ₹8 (Rupees Eight only) per equity share
Financial year: Ended March 31, 2026
TDS rate for resident shareholders with valid PAN: 10%
TDS rate for resident shareholders without valid PAN: 20%
TDS exemption threshold for individuals: ₹10,000 aggregate dividend during FY 2026-27
TDS rate for non-resident shareholders (default): 20% plus applicable surcharge and cess
Parties Involved
PNB Housing Finance Limited (Declaring company)
Shareholders (Resident and Non-Resident)
The BSE Limited and National Stock Exchange of India Limited (Regulatory recipients)
RTA and Depositories (Record keeping)
Income Tax Department (Regulatory authority)
TDS Procedures for Resident Shareholders
No TDS if dividend amount ≤ ₹10,000 during FY 2026-27 for individuals
10% TDS with valid PAN under Section 393(1) read with 393(4)
20% TDS without valid PAN/invalid PAN/PAN not linked with Aadhaar under Section 397(2)
Exemptions require submission of Form 121 (for individuals) or Annexure 2 declarations (for entities)
Specific exemptions for Mutual Funds, Alternative Investment Funds, corporations established by Central Act
Beneficial ownership declarations required through Annexure 2
Rule 203 declarations required for intermediaries/stock brokers holding shares on behalf of beneficial owners
TDS Procedures for Non-Resident Shareholders
Default TDS rate: 20% plus applicable surcharge and cess under Section 393(2)
DTAA benefits require submission of: PAN copy (if available), Tax Residency Certificate, e-filed Form 41, and declaration of no taxable presence in India (Annexure 3)
Company retains discretion to apply DTAA rates based on document completeness
Most Favored Nation Clause benefits will not be provided at time of TDS deduction
Lower/nil withholding tax certificate under Section 395(1) can be furnished
Submission Requirements
Documents must be submitted to investor.services@pnbhousing.com
Deadline: August 8, 2026
Documents received after deadline will not be considered
Only documents received by post or from registered email ID accepted
For joint shareholders, the first-named shareholder must submit documents
Financial Impact
Dividend payment contingent on shareholder approval at AGM
TDS amounts will vary based on shareholder category and documentation provided
Shareholders can claim refunds through income tax returns if excess TDS deducted
Shareholders indemnify company against any demands arising from misrepresentation
Additional Information
Communication sent to shareholders with registered email IDs
TDS communication available on company website: www.pnbhousing.com
Tax credit can be viewed in Form 168 on TRACES portal or income tax e-filing website
Resident non-individual members may submit through custodians registered with NSDL for tax services
Annexures Included
Annexure 1: Form 121 (Declaration under section 393(6) for receipt of incomes without TDS)
Annexure 2: Declaration of category of Resident shareholders
Annexure 3: Declaration of Tax Residency by Non-Resident shareholder
