Last updated: 11 October 2026
TCS has declared a ₹12 per share second interim dividend for FY27 alongside its September-quarter results on 8 October. The record date is Wednesday, 14 October 2026, and the money will be paid on 30 October.
The question most shareholders are asking is simple: when is the last day to buy TCS shares and still get the dividend? Under India’s T+1 settlement, the answer is Tuesday, 13 October. Below are the exact dates, how much you’ll receive on your holding, how it’s taxed, and whether buying just for the dividend makes sense.
TCS dividend: key dates at a glance
| Event | Date |
|---|---|
| Results and dividend announced | Thursday, 8 October 2026 |
| Last day to buy to qualify | Tuesday, 13 October 2026 |
| Ex-dividend date and record date | Wednesday, 14 October 2026 |
| Dividend payment date | Friday, 30 October 2026 |
| Dividend amount | ₹12 per share (face value ₹1) |
Why you must buy by 13 October, not 14 October
The record date is the day TCS checks its register of shareholders. Only people whose names are on it get the dividend. With T+1 settlement, shares you buy reach your demat account one trading day later. So:
- Buy on Tuesday, 13 October: shares are credited on Wednesday, 14 October, the record date. You get the dividend.
- Buy on Wednesday, 14 October: shares are credited on Thursday, 15 October, after the record date. You don’t.
Under T+1, the ex-dividend date falls on the record date itself. That means TCS shares start trading without the dividend entitlement from Wednesday’s open. If you already hold TCS shares, you don’t need to do anything. Selling on or after 14 October doesn’t take the dividend away from you either.
How much you’ll get: dividend on your holding
At ₹12 per share, here’s what lands in your bank account on 30 October before tax, and what you keep after tax at common slab rates. Figures exclude surcharge and cess.
| Shares held | Dividend (gross) | After tax at 20% slab | After tax at 30% slab |
|---|---|---|---|
| 10 | ₹120 | ₹96 | ₹84 |
| 50 | ₹600 | ₹480 | ₹420 |
| 100 | ₹1,200 | ₹960 | ₹840 |
| 500 | ₹6,000 | ₹4,800 | ₹4,200 |
| 1,000 | ₹12,000 | ₹9,600 | ₹8,400 |
At Friday’s closing price of ₹2,156, this ₹12 dividend is a yield of about 0.56%. Add the ₹12 TCS paid in July and FY27’s interim dividends so far total ₹24 per share, about 1.1% of the current price.
How the TCS dividend is taxed
- Dividends are taxed at your income tax slab rate. They’re added to your income for the year.
- TDS of 10% applies if your total dividend from TCS in the financial year crosses ₹10,000. That counts both interim dividends: at ₹24 a share so far in FY27, it kicks in at roughly 417 shares or more. Without a PAN on record, TDS is 20%.
- If your total income is below the taxable limit, you can submit the declaration form (Form 121 under the new Income-tax Act, which replaced Forms 15G/15H) to TCS’s registrar to avoid TDS.
- TDS isn’t an extra tax. It’s adjusted against your final liability when you file your return.
Should you buy TCS just to get the dividend?
Usually not. On the ex-dividend date, the share price typically opens lower by roughly the dividend amount, because the company has just paid out that cash. Here’s what “dividend capture” looks like on 100 shares:
| Step | Amount |
|---|---|
| Buy 100 shares at ₹2,156 | ₹2,15,600 invested |
| Dividend received (gross) | +₹1,200 |
| Tax on dividend at 30% slab | −₹360 |
| Typical price adjustment on ex-date (~₹12 × 100) | −₹1,200 |
| Net, before brokerage and other charges | −₹360 |
The dividend roughly washes out against the price drop, and the tax makes it a small loss. Brokerage, STT and other charges make it worse. The price won’t always fall by exactly ₹12, since the market moves for other reasons too, but you shouldn’t count on the dividend as a free gain.
The dividend matters if you already wanted to own TCS for the long term. In that case, buying by Tuesday simply means you collect this payout too.
TCS Q2 FY27 results: what came with the dividend
| Metric | Q2 FY27 | Change |
|---|---|---|
| Revenue from operations | ₹73,188 crore | +1.3% QoQ, +11.2% YoY |
| Net profit (attributable to shareholders) | ₹13,884 crore | +4% QoQ; beat the ₹13,673 crore poll estimate |
| Constant-currency revenue growth | +0.5% QoQ | In line with estimates |
| Operating margin | 24% | – |
| Total contract value (deal wins) | $9.6 billion | – |
| Annualised AI revenue | $3.1 billion | Over 10% of revenue |
| Headcount | 5,98,056 | – |
| Attrition (IT services, last 12 months) | 13.3% | – |
CEO K Krithivasan pointed to broad-based growth across international markets and most industry segments. TCS also announced transformation partnerships with Porsche and Best Buy.
The market liked it. TCS shares, which closed at ₹2,075.25 on results day before the numbers came out, jumped more than 5% in early trade on Friday and closed at ₹2,156, up 3.85%. The total payout for this dividend works out to about ₹4,341 crore.
TCS dividend history: recent interim payouts
| Dividend | Amount per share |
|---|---|
| FY27 second interim (Oct 2026) | ₹12 |
| FY27 first interim (Jul 2026) | ₹12 |
| FY26 second interim (Oct 2025) | ₹11 |
| FY25 second interim (Oct 2024) | ₹10 |
The October interim has risen by ₹1 a year for the last two years, from ₹10 to ₹11 to ₹12. TCS typically pays three interim dividends during the year and a larger final dividend after its March-quarter results.
What to watch next
- 13 October (Tuesday): last day to buy for the dividend
- 14 October (Wednesday): ex-dividend and record date. Expect the share price to adjust at the open.
- 30 October: dividend credited to your bank account linked with your demat
- IT results season: HCLTech reports on 12 October, Wipro and Tech Mahindra on 15 October and Infosys on 23 October. Their numbers will shape how the market views TCS’s quarter.
Frequently asked questions
What is the TCS dividend record date?
Wednesday, 14 October 2026.
What is the last date to buy TCS shares for the dividend?
Tuesday, 13 October 2026. Under T+1 settlement, shares bought that day reach your demat account on 14 October, the record date.
How much dividend will TCS pay per share?
₹12 per share as the second interim dividend for FY27. Including July’s ₹12, the FY27 interim total so far is ₹24.
When will the TCS dividend be credited?
On 30 October 2026, to the bank account linked with your demat account.
Will I get the dividend if I sell TCS shares on 14 October?
Yes, if you held them at the end of 13 October. Your name will be on the record date list even if you sell on 14 October.
Is TDS deducted on the TCS dividend?
Only if your total dividend from TCS in the financial year exceeds ₹10,000. TDS is then 10% with a PAN, or 20% without one.
Sources
- TCS Q2 FY27 results and board outcome, 8 October 2026, as reported by Business Today and Angel One
- NSE closing prices for 8 and 9 October 2026
- TDS on dividends under the Income-tax Act, 2025, as summarised by TDSMAN
- Dividend amounts, yield and capture calculations by Finquest Markets
Disclaimer: This article is for information and education only and is not investment or tax advice. Tax figures are simplified and exclude surcharge and cess; check your own position with a tax professional. Share prices and dates are as on the date of publication.
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