Dividend-paying stocks serve as an excellent source of passive income for investors, and let’s face it—who doesn’t appreciate some extra cash now and then? These stocks allow companies to share a portion of their profits with shareholders, usually once or twice a year, in the form of dividends. The beauty of dividend income lies in its tax advantage: Dividends up to ₹10,00,000 are tax-free! Yes, you read that correctly—dividends up to this amount are not subject to tax, making them an attractive income stream for investors.
