A taxpayer can claim deductions under Chapter VI-A of the Income Tax Act. He/she can also claim rebate of INR 12500 if the Total Income is up to INR 5 lacs.
You can read more about it here - Income Tax Slab Rates
TDS is required to be deducted at 10% under Section 194 or Section 194K if dividend exceeds INR 5,000 in the financial year. You can read more about it here
Section 194 : TDS on Dividend from Equity Shares
Section 194K : TDS on Dividend from Mutual Funds
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