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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 /]

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Note:

*Interest on securities covers interest on the following:

  1. Any debentures of securities issued by local authority, central, state or provincial act.
  2. Debentures issued by companies-listed , unlisted debentures issued by company in which public are substantially interested.
  3. Securities of central or state government.
  4. 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:

  1. The rate prescribed in the act
  2. The rate prescribed in the Finance act
  3. 20%.

TDS rate chart for fy 2015-16 is similar to TDS rate chart for fy 2014-15 except some changes in budget 2015.

Get detailed knowledge of budget from this link.

You can read my post

TDS rate chart 2014-15

to compare the rate of tds with regards to fy 2015-16 and fy 2014-15.

 

Tax deduction at source is compiling us to remember various rate while paying or crediting the amount. You can get print out of tds rate  chart for fy 2015-16 by using print button below. Please share this post with friends to encourage me to write more.

 

 

 

15 Comments

  1. By Abhijit

    what is the TDS rate for Non-Resident ?

  2. By debasisa mishra

    plz give me service tax slab rate in pdf.

    • By admin

      You can download from the link.
      Still I am mailing.

    • By ramakant

      with effect fro 1.6.15 st will be 14% including cess

      • By admin

        No need to add cess. Just charge 14% and cess is 0

  3. By Bhushan Jajoo

    Rate of TDS if Transporter does not have PAN?

    • By admin

      Rate is 20% if there is no pan available with transporter.

  4. By Abdul Fayaz

    Can you please explain me about (TDS) Rates?Which Section applicable to our company.We are providing Security Guard Services to the Banks(Manpower Supply as a Contractor) and also Providing CASH VAN Services(Cash Loading/unloading Vehicles with security guards) to the banks.

    I read in Income Tax TDS Rates Chart with Sections. Section 194C: Payment to contractor/sub-contractor
    b) Others(Company)-2%(TDS Applicable) but for Cash Van Vehicles some Banks are saying 10% TDS applicable.Please brief me about this.

    Please let me know TDS Rate along with sections which is applicable to our company?´╗┐

    • By admin

      Ask them under which section they are deducting tds.

  5. By pradeep kumar c

    if Firm Received any Dividend from Cooparative Bank if TDS will be Apply or not Pls Reply me uragent

    • By admin

      Yes, it is applicable.

  6. By swapna

    mam, i want know the Reverse charge mechanism with example

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