Sections and Rates for Deduction of Tax

TCS RATE CHART FY: 2023-24 (AY: 2024-25)

Section Nature of Payment Existing TCS Rate (%)
206CE Scarp 1
206CI Tendu Leaves 5
206CB Timber obtained under a forest lease or other mode 2.5
206CD Any other forest produce not being a timber or tendu leaves 2.5
206CA Alcoholic Liquor for human consumption & Tendu leaves 1
206CF Parking Lot 2
206CG Toll Plaza 2
206CH Mining and Quarring 2
206CJ Minerals 1
206CL Sale of Motor Vehicle 1
206CK Bullion & Jewellery 1
206CM Sale in cash of any goods (other than bullion) 1
206CN Providing of any service (other than Ch-XVII-B) 1
206CQ LRS – other purposes – Liberalized Remittance Scheme 5% (10% for non-PAN or Aadhar)
206CO Tour Program Package 5% (10% for non-PAN or Aadhar)
206CR Sale of Goods 0.1% (1% for non-PAN or Aadhar)
206CC Timber obtained under any other mode other than forest lease 2.5
206CP LRS – Educational Loan – Financial Institution 0.5

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