COMPREHENSIVE TCS RATES CHART FOR THE FINANCIAL YEAR FOR 2022-2023

 3,865 total views

COMPREHENSIVE TCS RATES CHART FOR THE FINANCIAL YEAR FOR 2022-2023

 

Section Collection Code Nature of Payment Threshold Amount TCS Rates (%)
F. Y. 2022 to 2023
Individual / HUF Other
206C A Alcoholic Liquor for human consumption 1 1
206C B Timber obtained under a forest lease 2.5 2.5
206C C Timber obtained by any other mode 2.5 2.5
206C D Any other forest produce not being a timber or tendu leave 2.5 2.5
206C E Scrap 1 1
206C F Grant of license, lease, etc. of Parking lot 2 2
206C G Grant of license, lease, etc. of Toll Plaza 2 2
206C H Grant of Mining and quarrying 2 2
206C I Tendu Leaves 5 5 <=”” tr=”” style=”text-align: justify;”>
206C J Minerals, being coal or lignite or iron ore (Applicable from F.Y. 2012-13 onwards) 1 1
206C K TCS on sale of Bullion (Applicable from F.Y. 2012-13 to 2016-17) In Excess of Rs. 200000 1 1
206C L TCS on Motor Vehicle (Applicable from F.Y. 2016-17 onwards) In Excess of Rs. 1000000 1 1
206C 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 1
206C N TCS on providing of any services (other than Ch-XVII-B) (Applicable for F.Y. 2016-17) In Excess of Rs. 200000 1 1
206C O TCS on remittance under LRS for purchase of overseas tour program package (Applicable from F.Y. 2020-21 onwards) 5 5
206C P TCS on remittance under LRS for educational loan taken from financial institution mentioned in section 80E (Applicable from F.Y. 2020-21 onwards) 0.5 0.5
206C Q TCS on remittance under LRS for purpose other than for purchase of overseas tour package or for educational loan taken from financial institution (Applicable from F.Y. 2020-21 onwards) In Excess of Rs. 700000 5 5
206C R TCS on sale of goods (Applicable from F.Y. 2020-21 onwards) 0.1 0.1

Leave a Comment

Your email address will not be published.

the taxtalk

online portal for tax news, update, judgment, article, circular, income tax, gst, notification Simplifying the tax and tax laws is the main motto of the team tax talk, solving