Rates of TCS

TCS RATE CHART FOR FY: 2018-19 (AY: 2019-20)  
Section Nature of Payment TCS Rate %    
 206C Scrap 1  
 206C Tendu Leaves 5    
 206C Timber  obtained  under  a forest lease or other mode 2.5    
 206C Any other forest produce not being a timber or tendu leave 2.5    
 206C Alcoholic Liquor for human consumption 1    
 206C Parking   Lot,   Toll   Plaza, Mining and Quarrying 2    
 206C Minerals, being coal or lignite or iron ore (applicable   from   July   1,2012) 1    
 206C Sale of motor vehicle of the value exceeding Rs. 10 Lacs; (wef 01.06.2016) 1    

Motor vehicle clause not applicable on Central Government, a State Government, an embassy, a High Commission, Legation, Commission, Consulate and the Trade Representation of a foreign State; Local Authority ; a Public Sector Company which is engaged in the business of carrying passengers (wef 01.04.2017)

Note : TCS Rates without PAN – Double of TCS rate as above or 5%, whichever is higher