TCS Rate List 2022-23

(Last Updated On: March 13, 2023)

TCS Rate List 2022-23

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.

TCS Rate List 2022-23
TCS Rate List 2022-23 in Tally Prime

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.

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SectionCollection CodeNature of PaymentThreshold AmountTCS Rates (%)
206CAlcoholic Liquor for human consumptionA1
206CTimber obtained under a forest leaseB2.5
206CTimber obtained by any other modeC2.5
206CAny other forest produces not being timber or tendu leaveD2.5
206CScrap – 1 1 206C F Grant of a license, lease, etc. of the Parking lotE2
206CGrant of a license, lease, etc. of Toll PlazaG2
206CGrant of Mining and quarryingH2
206CTendu LeavesI5
206CMinerals, being coal or lignite, or iron ore (Applicable from F.Y. 2012-13 onwards)J1
206CTCS on sale of Bullion (Applicable from F.Y. 2012-13 to 2016-17)KIn Excess of Rs. 2000001
206CTCS on Motor Vehicle (Applicable from F.Y. 2016-17 onwards)LIn Excess of Rs. 10000001
206CTCS on sale in cash of any goods (other than bullion/jewelry)MIn Excess of Rs. 2000001
206CTCS on providing any services (other than Ch-XVII-B)NIn Excess of Rs. 2000001
206CTCS on remittance under LRS for purchase of overseas tour program packageO5
206CTCS on remittance under LRS for the educational loans taken from financial institutions mentioned in section 80E (Applicable from F.Y. 2020-21 onwards)P0.5
206CTCS 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)QIn Excess of Rs. 7000005
206CTCS on sale of goods (Applicable from F.Y. 2020-21 onwards)R0.1
TCS Rate List 2022-23

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