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All about TDS and TCS
TDS Rate Chart for FY 2014-15 (AY 2015-16)
Deduction of Tax at correct rate is very important for deductor and minor mistake in deduction leads to penalty in shape of Interest on late deposit and dis allowance of Expenses. We have provided the Tax deduction rates chart (TDS rate chart) for financial year 2014-15. A minor change has been made in TDS rates for FY 2014-15 by FinanceMinister in Budget:
1. A new section 194DA has been inserted w.e.f. 01.10.2014 relating to payment in respect of life insurance policy
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