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of <h1>Proposed amendment to Section 194: Increase tax-free dividend threshold from Rs. 5,000 to Rs. 10,000 starting April 2025.</h1> Section 194 of the Act mandates that the principal officer of an Indian company, or a company with prescribed arrangements for dividend declaration and payment in India, must deduct income tax at a rate of 10% from any dividend payment to a resident shareholder. Currently, no tax is deducted if the total dividend amount paid to an individual shareholder during a financial year does not exceed Rs. 5,000. An amendment proposes increasing this threshold to Rs. 10,000, effective April 1, 2025.
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