Only Dividend under Section 2 (22) ( e) covered here.
TDS Rate is 10%
Cutoff is Rs 2500
No TDS under Section 194 in case
Payment to individual shareholder
Amount of dividend is upto 2500
Dividend is paid by an account payee cheque.
The TDS provisions will not apply to dividend receivable by LIC, GIC, its subsidiaries or any other insurer provided the shares are owned by them, or they have full beneficial interest in such shares.
Dividend under Section 2 (22) (a) to (d) not covered here as Dividend distribution tax is applicable on it.