(Last Updated On: March 13, 2023)

TCS Rate List 2022-23

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In this post, we are going to learn about what is TCS Rate List 2022-23. TCS full form is tax Collected at the source. So there is given list below about the TDs rate list. This is the updated TCS rate list of the government of India. Moreover, you can understand the first column about the section on TCS. There are various sections described in this list which is including a text-Collected section.

Also, The second column is about the payment methods. Basically, Which is defined clearly for what purposes businesses deduct TCS. There is a third column in this list which is described the threshold limit of payment on which TCS is Collected. And the last fourth column is about the TCS tax rate on related payments.

Section	Collection Code	Nature of Payment	Threshold Amount	TCS Rates (%)

206C	Alcoholic Liquor for human consumption	A	–	1
206C	Timber obtained under a forest lease	B	–	2.5
206C	Timber obtained by any other mode	C	–	2.5
206C	Any other forest produces not being timber or tendu leave	D	–	2.5
206C	Scrap – 1 1 206C F Grant of a license, lease, etc. of the Parking lot	E	–	2
206C	Grant of a license, lease, etc. of Toll Plaza	G	–	2
206C	Grant of Mining and quarrying	H	–	2
206C	Tendu Leaves	I	–	5
206C	Minerals, being coal or lignite, or iron ore (Applicable from F.Y. 2012-13 onwards)	J	–	1
206C	TCS on sale of Bullion (Applicable from F.Y. 2012-13 to 2016-17)	K	In Excess of Rs. 200000	1
206C	TCS on Motor Vehicle (Applicable from F.Y. 2016-17 onwards)	L	In Excess of Rs. 1000000	1
206C	TCS on sale in cash of any goods (other than bullion/jewelry)	M	In Excess of Rs. 200000	1
206C	TCS on providing any services (other than Ch-XVII-B)	N	In Excess of Rs. 200000	1
206C	TCS on remittance under LRS for purchase of overseas tour program package	O	–	5
206C	TCS on remittance under LRS for the educational loans taken from financial institutions mentioned in section 80E (Applicable from F.Y. 2020-21 onwards)	P	–	0.5
206C	TCS on remittance under LRS for purposes other than for the purchase of overseas tour package or for an educational loan taken from a financial institution (Applicable from F.Y. 2020-21 onwards)	Q	In Excess of Rs. 700000	5
206C	TCS on sale of goods (Applicable from F.Y. 2020-21 onwards)	R	–	0.1