Dear Friends, Little changes in TDS and TCS rates for financial year 2014-15 by the Income Tax Department and interest provision for late deposit of TDS/TCS also placed. The TDS rates 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 2014-15 is as below:
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| TDS Rate Chart For Fin. Year 2013-14 |
