TCS Rate Chart FY 2025-26 | AY 2026-27 as updated by Finance Bill 2025
CA Pratibha Goyal | Mar 8, 2025 |
TCS Rate Chart FY 2025-26 | AY 2026-27
Here is the TCS rate chart for Financial Year 2025-26 or Assessment Year 2026-27. This Rate Chart incorporates proposals of the Finance Bill 2025 as well. Readers can also download the chart in pdf from the Download Tab given at the end.
| Relevant section | Nature of goods | TCS Rates |
| Section 206C(1) | Alcoholic liquor specifically for human consumption | 1% |
| Section 206C(1) | Tendu leaves | 5% |
| Section 206C(1) | Timber obtained under a forest lease or other mode | 2.00% |
| Section 206C(1) | Any other forest produce (not being a timber/ tendu leaves) | 2.00% |
| Section 206C(1) | Sale of Scrap | 1% |
| Section 206C(1) | Minerals (being coal/ lignite/ iron ore) | 1% |
| Section 206C(1C) | Lease/ license of the parking lot | 2% |
| Section 206C(1C) | Lease/ license of the toll plaza | 2% |
| Section 206C(1C) | Lease/ license of Mining and quarrying | 2% |
| Section 206C(1F) | Sale of a motor vehicle of value exceeding INR 10 Lakhs | 1% |
| Section 206C(1G) | Foreign remittance under the Liberalised Remittance Scheme of the Reserve Bank of India [Amount exceeds Rs. 10,00,000 and is for purposes other than education or medical treatment] | 20% |
| Section 206C(1G) | Foreign remittance is less than INR 10 Lakhs in the Financial Year | NIL |
| Section 206C(1G) | Foreign remittance in case amount/ aggregate amount exceeds INR 10 Lakhs in the Financial Year and the remittance is for the purpose of education/ medical treatment | 5% |
| Section 206C(1G) | Foreign remittance in case amount/ aggregate amount exceeds INR 10 Lakhs and if the remitted amount is out of the loan that is obtained from Financial Institution u/s 80E for pursuing any education | NIL |
| Section 206C(1G) | Overseas tour program package [Amount upto Rs. 10,00,000] | 5% |
| Section 206C(1G) | Overseas tour program package [Amount exceeds Rs. 10,00,000] | 20% |
| Section 206C(1H) | Sale of any goods of the value/ aggregate of such value exceeding INR 50 Lakhs [applicable only if total sales/ gross receipts/ turnover of the seller exceeds INR 10 Crores during the preceding Financial Year] | Abolished |
| Section 206CC(1) | Non-furnishing of Permanent Account Number (PAN) by the collectee to the collector | Higher of the following – -At twice of the rates as prescribed in the relevant provision; or -5%Notably, the maximum rate of TCS should not exceed 20%. |
| Section 206CCA(1) | Applicable when all of the following conditions are satisfied –
– The person has not furnished ITR for the Assessment Year (relevant to the previous year) immediately preceding the Financial Year in which TCS was required to be collected; – The time limit for submitting a return under section 139(1) of the Income Tax Act is expired; and – The total of TDS and TCS is INR 50,000 or more in the respective previous year. | Abolished |
Please note that readers can also download the chart in Pdf from the Download Tab given below.
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