TCS Rates for F.Y 2022-2023 (A.Y. 2023-24)



 

TCS Rates Chart for FY 2022-2023 (A.Y. 2023-24)


Section

Collection Code

Nature of Payment

Rates (For Individual & HUF)

206C (1)

E

Sale of Scrap

1.00%

206C (1)

B

Sale of Tendu Leaves

5.00%

206C (1)

C

Sale of Timber obtained under a forest lease or other mode

2.50%

206C (1)

D

Sale of Any other forest produce not being Timber or tendu leaves

2.50%

206C (1)

F

Grant of license, lease, etc. of Parking lot

2.00%

206C (1)

J

Sale of Minerals, coal lignite, Iron ore by a trader

1.00%

206C (1)

A

Sale of Alcoholic Liquor for Human Consumption

1.00%

206C (1C)

G

Lease or license of the Parking lot, toll plaza, mining & quarrying

2.00%

206C (1C)

H

Grant of Mining and quarrying

2.00%

206C (1C)

K

TCS on sale of Bullion (Applicable from F.Y. 2012-13 to 2016-17) In Excess of Rs. 200000

1.00%

206C (1F)

L

Sale Value of Motor vehicle whether in cheque or in any other mode of receipt Exceeding Rs. 10 Lakhs per transaction

1.00%

206C (1)

M

TCS on sale in cash of any goods (other than bullion/jewellary) (Applicable for F.Y. 2016-17 ) In Excess of Rs. 200000

1.00%

206C (1)

N

TCS on providing of any services (other than Ch-XVII-B) (Applicable for F.Y. 2016-17) In Excess of Rs. 200000

1.00%

206C(1G)

P

Foreign remittance through Liberalised Remittance Scheme (LRS) of exceeding Rs. 7 Lakh in a  financial year if the remitted amount is out of loan obtained from any financial institution u/s 80E to pursue any education

0.50%

206C(1G)

Q

Foreign remittance through Liberalised Remittance Scheme (LRS) of exceeding Rs. 7 Lakh in  any other case

5.00%

206C(1G)

O

Selling of overseas tour package

5.00%

206C(1H)

R

Sale of goods (Other than those being exported) of value exceeding Rs. 50 Lakh where total Sale/ gross receipts/turnover from business exceeds Rs 10 Crore during immediately  financial year

0.10%




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