Indicative. Since FY 2020-21, dividend is taxable in the shareholder's hands at slab rates; DDT is abolished. The company deducts TDS u/s 194 at 10% (20% without PAN) where dividend to a resident exceeds ₹5,000 in the year. TDS is adjusted against final tax. Surcharge/cess and 15% cap on dividend surcharge are not modelled. Confirm.