TCS Rate Chart FY 2023-24, AY 2024-25
| Section | For Payment of | Threshold limit | TCS Rate % | |
| FY 2023-24 | FY 2022-23 | |||
| 206C(1)(i) | Alcoholic Liquor for Human Consumption | NA | 1% | 1% |
| 206C(1)(iii) | Timber obtained under a forest lease | NA | 2.50% | 2.50% |
| 206C(1)(iv) | Timber obtained by any mode other than under a forest lease | NA | 2.50% | 2.50% |
| 206C(1)(v) | Any other forest produce not being timber or tendu leaves | NA | 2.50% | 2.50% |
| 206C(1)(vi) | Scrap | NA | 1% | 1% |
| 206C(1C)(i) | Grant of a license, lease, etc of the Parking lot | NA | 2% | 2% |
| 206C(1C)(ii) | Grant of a license, lease, etc of Toll Plaza | NA | 2% | 2% |
| 206C(1C)(iii) | Grant of Mining and Quarrying | NA | 2% | 2% |
| 206C(1)(ii) | Tendu Leaves | NA | 5% | 5% |
| 206C(1)(vii) | Minerals, being coal or lignite, or iron ore | NA | 1% | 1% |
| 206C(1F) | Sale of the motor vehicle whether payment is received by cheque or by any other mode | > 10 lakh | 1% | 1% |
| 206C(1G) | TCS for sale of overseas tour program package | NA | 20% | 5% of the sale value (10% in case of non-availability of PAN/Aadhar) |
| 206C(1G) | TCS on remittance under LRS for an educational loan taken from a financial institution as mentioned in Section 80E | NA | 0.50% | 0.50% |
| 206C(1G) | Foreign remittance under LRS | (7 lakh in case of remittances for education and medical purpose) | 5% in case of education and medical remittance | 5% in excess of 7 lakh (10% in case of non-availability of PAN/Aadhar) |
| (No limit in the case of other foreign remittance) | 20% in case of other foreign remittances | |||
| 206C(1H) | TCS on sale of goods | NA | 0.1% (1% in case of non-availability of PAN/Aadhar) | 0.1% (1% in case of non-availability of PAN/Aadhar) |
| 206CC(1) | Person not having PAN | NA | Twice the TCS Rate or 5% whichever is higher Maximum Rate will not increase 20% | Twice the TCS Rate or 5% whichever is higher |
| 206CCA(1) | Non-Filer of ITR | Twice the TCS Rate or 5% whichever is higher Maximum Rate will not increase 20% | Twice the TCS Rate or 5% whichever is higher | |
Comments
Post a Comment