T.D.S. F.Y - 14-15 A.Y. 15-16 Rate Chart In Just One Page Get/Download


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T.D.S. Rate Chart FY 14-15 AY 15-16 - Download In One Page Can Be Seen And Downloaded From The Links Given Below:


YOU MUST LOOK INTO THESE STUFFS BELOW:

 




Every deductor need to deduct TDS as prescribed in Income Tax Act (not more than that and not lower than that). No doubt, there is no penalty to deduct more or wrongly deduction of TDS. However, deductor will issue TDS certificate (Form 16/Form 16A) as per actual deduction. The payee should claim the refund as per TDS certificate whether is wrongly deduction or higher deduction as the case may be.
However, TDS can be adjusted against any other payment made or credited if TDS has been wrongly deducted from a payment on which there is no liability to deduct TDS. However, the penalty for non-deposit of TDS will be imposed by Income Tax Department.
So TDS rates plays very important part for payer and payee to get easily and timely income tax refund.
SectionPayment NaturePayment in excess ofTDS Rate
for Individiual
TDS Rate
for Others
194AInterest from a Banking Company1000010%10%
194AInterest other than from a Banking Co.500010%10%
194CContractors (including Advertising & Sub-Contractor)30000 (per payment) or 75000 p.a.1%2%
194CTransport Contractors (Providing PAN and enganged in the business of plying, hiring or leasing of goods carriagesNilNilNil
194DInsurance Commission2000010%10%
194HCommission or Brokerage500010%10%
194IRend of Land & Building18000010%10%
194IRent of Plant & Machinery and Other Equipments1800002%2%
194IATransfer of Immovable Property other than Agriculture Land50000001%1%
194JPayment for Professional Services, Technical Services & Royalty3000010%10%
194J(1)(ba)Payment to Directors any remuneration or fees or commission by whatever named called if the same is not covered u/s 192-10%10%

Important Notes on TDS Rates Chart for F.Y.  2014-15

Payee should give his PAN to Payer so that payer can put in TDS certificate and in TDS returns. It will help indirectly to payee for gettin refund easily and fastly.
But Now w.e.f 1.4.2010 payee must tell his PAN to the payer or deductor otherwise TDS will be deducted @ 20% or the applicable rate, whiever is higher. It is the duty of payer to ensure that PAN of payee should be correct by asking PAN copy.
Check the following notes before going to Chart of TDS Rates for F.Y. 2012-13.
  • In transport business’s contracts, TDS liability will not arise if payee furnish his PAN.
  • w.e.f. 1-7-2012 TDS exemption limit on compensation on acquisition of immovable property is Rs. 2,00,000 as given in table give below earlier it was Rs. 1 Lakh.
  • Due date of TDS payment is up to 7th day from the closing date of month in which Tax has deducted and 30th April if paid or credit in the month of march otherwise Interest of late deposit  will be liable @ 1.5% for each month of delay.


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