TDS and TCS rate changes for financial year 2013-14 and interest provision for late deposit of TDS/TCS. TDS rate applicable in case of Non submission of PAN, on service tax or not, on job work or not, which rate is applicable to individual, HUF etc. Who should deduct TDS ? Who should not deduct TDS ?
Deduction of TDS/TCS by correct rate is very important for TAX Deductor and Collector. On late filing of TDS/TCS Return penalty deposit and Dis-allowance of Expenses. Tax deduction rates chart (TDS rate chart) for Financial year 2013-14 is as below:
