Tax Collected at Sources or TCS Rate Chart - FY 2019-20

Hello Everyone. In this post, we will take a look at the TCS rates on specific goods under various categories.

The latest amendment in TCS Rates for FY 2021-22 as proposed by Union Budget 2021 on 01.04.2021.

List of TCS rates under Section 206C

The TCS rates for goods specified under Section 206C of the Income Tax Act is as follows:

 Deposit Challan Code TCS Section Description TCS Rate
6CA 206C(1) Alcoholic Liquor for Human Consumption 1%
6CB 206C(1) Timber obtained under a forest lease 2.50%
6CC 206C(1) Timber obtained by any mode (other than under a forest lease) 2.50%
6CD 206C(1) Any other forest produces (not timber or tendu leaves) 2.50%
6CE 206C(1) Scrap 1%
6CF 206C(1C) Parking Lot 2%
6CG 206C(1C) Toll Plaza 2%
6CH 206C(1C) Mining & Quarrying 2%
6CI 206C(1) tendu leaves 5%
6CJ 206C(1) Minerals, being coal or lignite or iron ore 1%
6CK 206C(1D) Bullion & Jewellery Omitted by Finance Act 2017
6CL 206C(1F) Motor Vehicle (any mode of payment)
if  value exceeding 10 lakh
6CM 206C(1E) Cash Sale of any goods (other than bullion/jewellery) Omitted by Finance Act 2017
6CN 206C(1E) Providing any services Omitted by Finance Act 2017
6CO 206C(1G) Overseas Tour Program Package

The seller who receives any amount from a buyer of the package


TCS for Non-Furnishing of PAN/Aadhaar: 10%

6CP 206C(1G) Remittance under LRS for education loan taken from financial institution mentioned under Section 80E

If the buyer’s remitted amount or aggregate is above 7 lakh in an FY.

6CQ 206C(1G) Remittance under LRS (other than overseas tour package purchase or for education loan from financial institution mentioned under Section 80E).

Authorised dealer who get amount/aggregate over 7 Lakh from a buyer out of India.


TCS for Non-Furnishing of PAN/Aadhaar:10%

6CR 206C(1H) Sale of Goods
The seller who get the amount for the sale of any goods of the value or aggregate over 50 lakh in any previous year(other than the exported goods outside India or goods as in sub-section (1) or sub-section (1F) or sub-section (1G))

TCS for Non-Furnishing of PAN/Aadhaar:1%


  • If the purchaser/licensee is a non-resident or foreign company, there is an increase in the TCS tax rates as health and education cess and surcharge will be added to it.
  • The transaction on which TDS under Section 194Q is applicable then TCS under Section 206C(1H) is not applicable.

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