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):   SectionNature of paymentWhen to deduct - minimum payment (Threshold limt)Threshold limit (minimum amount exceeds to deduct TDS)TDS rate 192SalaryWhen net estimated salary exceeds the basic tax free limit as per income tax slabAs per income tax slab 192APayment of accumulated balance of PF, 1952 to employees ( wef - 1/6/15)At the time of payment30,00010% 193Interest on securites*Credit or payment whichever is earlier5,00010% 194DividendBefore making payment to shareholders ( other than dividend u/s 115-0)20% 194Ainterest other than interest on securites#Deduction is required when amount credited or payment whichever is earlier. 5,000, For banks- 10,000 10% 194BWinning from lottery, crossword puzzles, card games, tv game show at the time of payment5,00030% 194BBWinning from horse racesAt the time of payment2,50030% 194C**payment to contractor / subcontractorAt the time of credit or payment whichever is earlier, 30,000 - single payment, 75,000- total annual payment1% when payee is individual/ HUF, 2% when payee is other than Individual/ HUF 194Dinsurance commissionPayment or credit whichever is earlier 20,00010% 194DAPayment under life insurace policy (including bonus)At the time of payment1,00,0002% 194HCommission/ brokeragePayment or credit...

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