TDS rate chart for FY 2015-16 ( AY 2016-17)

TDS compliance is necessary for deductor to avoid high penalties and interest. I have presented here latest TDS rate chart for FY 2015-16 (AY 2016-17) covering amedment in budget 2015. Deduct the TDS as per chart and deposit within due date.       TDS rate chart for fy 2015-16 ( ay 2015-16):   [table id=16 /] [su_button url=”http://taxmasala.in/contact-us/” target=”blank” style=”soft” background=”#6f84df” size=”6″ wide=”yes” center=”yes” icon=”icon: check-square-o”]Get your income tax return filed by CA and get TDS refund easily. Click now.[/su_button]   Note: *Interest on securities covers interest on the following: Any debentures of securities issued by local authority, central, state or provincial act. Debentures issued by companies-listed , unlisted debentures issued by company in which public are substantially interested. Securities of central or state government. Any other securities. For cooperative banks, tds provision will be applicable from 1/6/15. **For section 194C, no tds deducted shall be deducted when contractor/ subcontractor is in transport business having less than 10 goods carriage and present the PAN number and declaration to that effect. ***Surcharge, education cess and higher education cess shall be added to the TDS rate while paying to non resident. IMPORTANT: When payment is made to person who does not furnish his PAN, TDS shall be deducted at the rate of higher of the following: The rate prescribed in the act The rate prescribed in the Finance act 20%....

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